From masses to classes, new look Union Bank seeks to bridge the class divide

Yet another major state-owned bank has undergone a brand makeover to woo the Gen Next. Union Bank of India has embarked on a rebranding exercise with the appointment of Mudra Communications for its advertising duties. The bank would be spending Rs 75 crore on its 360-degree re-branding campaign.

e4m by exchange4media Staff
Published: Sep 2, 2008 8:58 AM  | 4 min read
From masses to classes, new look Union Bank seeks to bridge the class divide

Yet another major state-owned bank has undergone a brand makeover to woo the Gen Next. Union Bank of India has embarked on a rebranding exercise with the appointment of Mudra Communications for its advertising duties. The bank would be spending Rs 75 crore on its 360-degree re-branding campaign. Union Bank is the third state-owned bank to go for a re-branding exercise in recent times, the other two being Bank of Baroda and Canara Bank.

Commenting on the development, MV Nair, Chairman and Managing Director, Union Bank of India, said, "It all began 18 months ago when Union Bank partnered Mudra Communication Group, The Boston Consultancy Group and Infosys to start the process of change. The first step was to prepare for the change. About 20,000 employees were made aware of the need for change and their role in the process. A parallel movement was set into motion under a project 'Nav Nirman', which aimed at harnessing the combined might of the people and technology building relationship through people and delivering with speed and efficiency enabled by superior application of technology."

"Today, the average age of the country is around 25 years, whereas the average age at the Union Bank is around 47 years, this is where we had a disconnect in terms of business and for that we did not require to change our staff, but transform them by making them equipped with the right kind of technology that will help us serve our customer in the right way, and emerge as a globally diversified bank by 2012," Nair further said.

Mudra conducted a detailed consumer study through in-depth interviews and focused group discussions with co-target groups. Based on this research, Union Bank developed its new brand identity, which includes a new logo that is a representation of universal symbol. It comprises two letters 'U' of Union Bank of India interlocked into one another. The symbol weaves around the word 'Union' which stands for integrity, security, strength and partnership. The colour Blue stands for commitment to service and Red for the passion that the Union Bank employees bring to work.

Madhukar Kamath, Managing Director & CEO, Mudra Group, said, "The challenge for us at Mudra was to embark on a consumer centric exposition of the philosophy behind the change, right from the logo to its manifestation in the form of internal and external communication. The stimulating part of the challenge was to project the dynamic phase of the brand, without losing what lies at the core. It was a fantastic journey of working together, which began with an elaborate understanding of what the consumers really cared for and it was a truly enriching one also."

Speaking to exchange4media, Bobby Pawar, Chief Creative Officer, Mudra, said, "Mudra is both the creative and media agency for Union Bank of India, while its re-branding exercise is being handled by Water. Mudra will soon be rolling out a 360-degree campaign, starting with a TVC, which will be on air in 10 days' time, along with the print, radio and outdoor campaigns. The campaign will be focused on showcasing the new symbol, which will raise levels ahead to reinforce the properties of partnership to help its customer realise their dreams – the dreams in a dynamic global market of today and tomorrow and yet retain the old byline of the Union Bank – 'Good people to Bank with'."

Speaking on the occasion, TY Prabhu, Executive Director, Union Bank of India, said, "The re-branding exercise is the culmination of the transformation process undertaken by the bank one and a half years ago to reach the next level of performance and customer service. We have addressed three key issues before entering into the re-branding exercise like leveraging of technology and bringing centralisation of various processes, including loan processes, empowering and equipping staff in relationship banking, and lastly, creating business verticals in the bank covering corporate, SMEs, retail, personal banking and transaction branding, and bringing specialisation at branch level along the verticals."

Speaking to exchange4media, Prabhu said, "Our IT partners who helped us in the re-branding process are IBM for hardware, Wipro for CBS technology and Infosys for software technology."

Explaining why Union Bank had not used a brand ambassador, Nair said, "Indian banks are more recognised by their names than the brand images. I would rather utilise the bank's money to improve staff efficiencies than paying up huge sums to a brand ambassador."

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E4M Our strategy is to target younger audiences through Sports: Rajiv Dubey, Dabur

The Head of Media at Dabur India spoke exclusively to exchange4media on the World Cup, associating with Indian Idol, the company’s digital spending and much more

e4m by e4m Staff
Published: Oct 27, 2023 6:15 PM  | 1 min read
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With quirky campaigns, memes and moment marketing, timed with the ongoing World Cup and particularly the India-Pakistan matches, Dabur India has got considerable consumer attention for its popular brands – Red Paste, Cool King Hair Oil, Chyawanprash, Dabur Vita and the recently launched Bae Fresh Gel toothpaste.

The 140-year-old company is going big on key sporting events, World Television Premiere (WTP) movies and reality shows. It is now gearing up to become the title sponsor of popular talent show ‘Indian Idol’ on Sony TV for the first time, shared Rajiv Dubey, who leads the media strategy at Dabur.

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Swapan Seth's new book 'COOL' is out

The book is a reflection of the author's 'eclectic taste across categories'

e4m by e4m Staff
Published: Oct 27, 2023 6:07 PM  | 1 min read
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Advertising professional and art collector Swapan Seth has announced the launch of his new book COOL. The book is described as "a ready reckoner to the hip and the happening, of the known and the very unknown."

The book is a reflection of the author's "eclectic taste across categories: from boltholes to exotic hideaways."

COOL has been published by Simon & Schuster India and is available on Amazon.

Seth is an ad veteran with a long and illustrious career in the industry. He became the youngest-ever Creative Director at Clarion at age 24. He was VP at 26 at Trikaya Grey. Two years later, he started his agency Equus.

He writes for publications such as The Economic Times, Hindustan Times and India Today. This is his second book and he has previously published THIS IS ALL I HAVE TO SAY.

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Disney Star signs 9 sponsors for Asia Cup PAK

Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up come on board

e4m by exchange4media Staff
Published: Aug 26, 2023 11:48 AM  | 1 min read
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e4m Staff Disney Star has signed nine broadcast and digital streaming sponsors for the upcoming Asia Cup.

Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up have come on board for the upcoming tournament.
As reported earlier by exchange4media, Disney Star has sought Rs 26 crore for the co-presenting sponsorship on TV and Rs 30 crore for Disney+ Hotstar.

According to industry sources, the associate sponsorship on Star Sports has been priced at Rs 19.66 crore, whereas for the ‘powered by’ sponsorship on Disney+ Hotstar, the broadcaster is seeking Rs 18 crore.

As per the information available with exchange4media, Disney+ Hotstar has three sponsorship tiers-- co-presenting (Rs 30 crore), powered by (Rs 18 crore) and associate sponsorship (Rs 12 crore). The broadcaster is offering an estimated reach of 120-140 million for co-presenting sponsors, 90-100 million for powered by and 60-70 million for associate sponsorship.

A spot buy for 10 seconds has been priced at Rs 25 lakh for the India vs Pakistan matches, while for the non-India matches, the ad rate for 10 second is Rs 2.3 lakh. The India matches plus the final for ODIs has been priced at Rs 17 lakh per 10 seconds.

Asia Cup is scheduled to be held from 30 August, 2023, to September 17, 2023.

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Sorted 360 wins creative & social media mandate of Reliance Mall

The agency will manage offline and online campaigns for Reliance Mall

e4m by exchange4media Staff
Published: Aug 26, 2023 10:54 AM  | 1 min read
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Sorted 360, an integrated creative and social media agency, has won the mandate to providing brand solutions for Reliance Malls across India.

“Sorted 360 is set to enhance Reliance Malls' market presence with their unparalleled creative prowess and strategic thinking,” read a press release.

“Sorted 360's commitment to pushing the boundaries of creative communication aligns perfectly with Reliance Malls' ethos. With a pan-India presence spanning across 19 cities and growing, Reliance Malls has consistently captivated customers by offering an array of Reliance brands and third-party fashion & lifestyle brands. The mall has established an unparalleled connection with its patrons through superior quality, a remarkable value proposition, and an unmatched shopping experience,” it read further.

"We are thrilled to welcome Sorted 360 as our trusted partner in advancing our brand presence across the nation," said the Head of Marketing at Relaice Malls. "Their proven expertise in retail, shopping center management, and innovative creative strategies make them the perfect fit for our vision."

"Partnering with Reliance Malls is a testament to our commitment to shaping extraordinary brand experiences," remarked Prerana Anatharam, Co-founder of Sorted 360. "We are excited to leverage our strategic and creative acumen to further elevate Reliance Malls as the epitome of convenience, choice, and excellence."

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e4m by exchange4media Staff
Published: Aug 25, 2023 4:39 PM  | 1 min read

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e4m by exchange4media Staff
Published: Aug 25, 2023 4:38 PM  | 1 min read

KlugKlug onboards Hemang Mehta as Country Manager for Indias

Mehta was most recently Head of Agency Relationships at Network 18 Media & Investments

e4m by exchange4media Staff
Published: Aug 24, 2023 3:35 PM  | 1 min read
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KlugKlug has appointed Hemang Mehta as its Country Manager for India.

Mehta will play a pivotal role in driving KlugKlug's growth and expansion within the Indian market and be responsible for Sales & GTM Strategy

Prior to that, he has also represented organisations like Exponential (now VDX.tv), India Today Digital and Rediff.com. His expertise spans various domains including digital media sales, mobile marketing, media planning, and buying, social media marketing, and more.

Hemang Mehta expressed his enthusiasm about joining KlugKlug, saying, "I am thrilled to be a part of KlugKlug, a forward-thinking platform that is reshaping the influencer marketing landscape. As much as I look forward to collaborating with the exuberant team at KlugKlug, I am super excited to interact with the brands to deliver powerful data-backed Influencer solutions that will guarantee business outcomes."

Commenting on the appointment, Kalyan Kumar, Co-Founder and CEO of KlugKlug, stated, "We are excited to welcome Hemang Mehta to our team as the Country Manager for India. His extensive experience in digital media sales and marketing will be instrumental in driving our efforts to provide influencer marketing solutions to our clients. We believe Hemang's leadership will be key in scaling our operations and expanding our reach within the Indian market."

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