Union Bank wins Green Finance award

Union Bank reports sanction of 811 retail green accounts totalling ₹1,345 crore since product launch, with rooftop solar loans achieving roughly 46% of sanctions via digital channels and EV financing doubling within eight months. (exhibition.skoch.in) The bank’s Union SPARSH accessible card (Braille/tactile features) is paired with fully paperless credit-card issuance; over 21,550 staff credit-card applications were processed through Straight‑Through Processing (STP) to cut paperwork and TAT. (unionbankofindia.bank.in) Union Bank states total business exceeded ₹22 trillion as of September 2025 and that retail-loan growth outpaced the industry in FY 2024–25, with Retail NPA reduced by ~1.22% and the stressed retail portfolio falling from 9.13% to 6.95%. (exhibition.skoch.in) Operational changes driving that performance include centralised Retail Loan Points (RLPs), CRLC‑I/II fast‑track committees, a Business Retention Discount, a Union Green Home Scheme offering concessional rates for IGBC‑certified projects, and the VYOM 2.0 mobile app with 400+ integrated features. (exhibition.skoch.in) On GenAI, Union Bank issued an EOI in October 2023 seeking vendors to develop a generative‑AI solution and subsequently ran the IDEA hackathon in March 2025 focused on fintech cybersecurity and GenAI use cases. (unionbankofindia.bank.in) The bank has also documented a GenAI‑powered internal knowledge assistant for staff in award submissions (Qorus‑Infosys Finacle), positioning the technology for helpdesk and HR query resolution. (qorusglobal.com) SKOCH exhibition listings name Renu K Nair as the respondent for the Retail Lending project and Shashank Tyagi as the respondent for the GenAI project, while Union Bank’s SKOCH materials outline a roadmap targeting a ₹4.75 trillion retail‑loan book by March 2029. (exhibition.skoch.in)