Union Bank of India Signs MoU with Uttarakhand Power Corporation for Employee Salary Accounts

New Delhi, February 20, 2026: Union Bank of India has entered into a strategic Memorandum of Understanding (MoU) with Uttarakhand Power Corporation Limited (UPCL) to onboard the salary accounts of its employees. This partnership aims to strengthen Union Bank’s presence in Uttarakhand while creating opportunities for sustainable CASA growth, quality retail lending, and deeper institutional engagement.

Also Read: Union Bank Expands in Uttar Pradesh with Strategic Government Salary Account Partnership

The collaboration will facilitate employees of UPCL with seamless salary account management, banking services, and access to Union Bank’s comprehensive suite of retail and digital banking solutions.

This initiative aligns with Union Bank’s strategy to enhance financial inclusion and expand its footprint across institutional and corporate client segments while delivering customer-centric banking solutions.