Union Bank of India SWOT Analysis
Here is a detailed SWOT analysis of Union Bank of India covering strengths, weaknesses, opportunities and threats.
Union Bank of India Strengths
- Financial products for agricultural sector
- Products aligned to Government schemes
- Emphasis on Customer Satisfaction
- Union bank of India has over 27,700 employees
- It has representative offices in Abu Dhabi, United Arab Emirates, and Shanghai, Peoples Republic of China, Australia and a branch in Hong Kong.
- Online Telebanking facility are available to all its Core Banking Customers - individual as well as corporate
Above are the strengths in the SWOT Analysis of Union Bank of India. The strengths of Union Bank of India looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Union Bank of India Weaknesses
- NominalInternational presence as compared to leading players
- Advertising is lesser which leads to lower brand presence
These were the weaknesses in the Union Bank of India SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Union Bank of India Opportunities
- Small scale business banking
- More global penetration through International banking
- Acquisition of smaller local banks
Above we covered the opportunities in Union Bank of India SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Read more about Union Bank of India
Union Bank of India Threats
- Economic crisis
- Highly competitive environment
- Stringent Banking Norms
The threats in the SWOT Analysis of Union Bank of India are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Hence this concludes the Union Bank of India SWOT analysis.
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About Union Bank of India
The table below gives the brand overview along with its target market, segmentation, positioning & USP
| Union Bank of India Overview | |
|---|---|
| Parent Company |
Government of India |
| Category |
Banking & financial services |
| Sector | |
| Tagline/ Slogan |
Good people to bank with |
| USP |
Innovative banking for social welfare |
| Union Bank of India STP | |
| Segmentation |
Individual and Industry banking |
| Target Market |
Individuals and corporates |
| Positioning |
Complete Banking solutions |
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