The Reserve Bank of India (RBI) has authorised Union Bank of India to undertake primary dealership business departmentally from April 1. This is pursuant to the amalgamation of Corporation Bank into Union Bank in terms of the amalgamation of Andhra Bank and Corporation Bank into Union Bank of India Scheme, 2020, notified by the Government of India.
Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections. Its segments include treasury operations, corporate & wholesale banking, retail banking and other banking operations.
