New Delhi, November 13, 2026: Union Bank of India celebrated its 108th Foundation Day at the JioConvention Centre, BKC, Mumbai, marking 108 years of service to customers and contribution to the nation's progress. The occasion celebrated the Bank's journey, achievements and continued focus on customer-centric banking, innovation, financial inclusion,and sustainable growth.
The occasion was honoured by the presence of Chief Guest Shri M. Damodaran, Former Chairman of SEBI, UTI and IDBI and Chairman, Excellence Enablers, and Guest of Honour Dr.Debasish Prusty, Additional Secretary, Department of Financial Services, Ministry of Finance. The event was attended by Shri Asheesh Pandey, Managing Director & CEO, Union Bank of India, along with the Bank's Executive Directors Shri Nitesh Ranjan, Shri RamasubramanianS. and Shri Amresh Prasad; Chief Vigilance Officer, Shri Lalit Taneja; Directors on Board of the Bank along with senior officials, esteemed customers of the bank, valued stakeholders and other distinguished guests.
Shri Asheesh Pandey, Managing Director & CEO, Union Bank of India, spoke about the Banks Journeyand its contribution to India's economic development. He said that the institution draws strength from the values and traditions of Union Bank of India, erstwhile Corporation Bank and erstwhile Andhra Bank, whose founders shared a common/belief that bankingmust serve people and support the progress of society. That spirit, he observed, continues to guide the Bank as it serves millions of customers across the country. Shri Pandey said that Union Bank of India continues to support India's growth through creditto key sectors such as infrastructure manufacturing, agriculture and MSMEs, while expanding access to formal banking and institutional finance. He added that technology, cybersecurity, and customer service would continue to play an important role in meetingthe changing expectations of customers. Speaking about the way forward, he said that the Bank is pursuing its transformation agenda through five strategic pillars: Efficiency, Robustness, Quality and Sustainable growth, Profitability, and Customer-centricity with ease of doing business for both customers and employees. He added that, guided by its philosophy of "Business First, Compliance Always" Union Bank of India will continue to focus on creating long-term value for customers, shareholders and other stakeholders while contributing to the country's economic progress.
Chief Guest Shri M. Damodaran, Former Chairman of SEBI, UTI and IDBI and Chairman, Excellence Enablers,spoke about the growing role of technology in banking and the importance of transparency, innovation, and customer trust in a rapidly changing financial landscape. He said banks must continue to adapt to evolving customer expectations, particularly those of younger generations, while ensuring that banking services remain accessible, secure and convenient. He also observed that while technology is transforming the way banking is delivered, customer service, empathy and responsiveness must remain at the core of the banking experience. He appreciated Union Bank of India's efforts in strengthening its digital capabilities and expanding its range of customer-focused offerings.
