2023 2024 EduVark > Education Discussion > General Discussion


  #2  
January 14th, 2016, 11:59 AM
Super Moderator
 
Join Date: Mar 2012
Re: Union Bank Of India Insurance JV

Union Bank of India is amongst the largest public sector banks of India.
It was founded on 11th November, 1919.
It has about 6420 branches all over the country. It’s headquarter is located in Mumbai, India.

As you want to know about the Joint Ventures of Union Bank of India, check below for the info

Joint Venture – Star Union Dai-ichi Life Insurance Co. Ltd.:
Union Bank of India is issuing Life Insurance products under corporate agency tie-up with Star Union Dia-ichi (SUD) Life Insurance Co. Ltd. which is the Joint Venture of Union Bank of India, Bank of India (2 leading Public Sector Banks in India) & Dia-ichi Life Insurance Co. Japan (a leading Japanese Company in the Life Insurance market).
The Company has an authorized capital of Rs. 250.00 Crores. Bank of India has a capital stake of 48%, Union Bank of India has 26%, and Dai-ichi Life has the remaining 26%.

Joint Venture – Union KBC Asset Management Company:

Union Bank forayed into Mutual Fund business by setting up Union KBC Mutual Fund through association with KBC Participations Renta which is a 100% subsidiary of KBC Asset Management NV – a leading Investment Management firm in Belgium.

Accordingly, Bank had set up the following companies in agreement with the organization structure of a Mutual Fund in India.
Union KBC Asset Management Co. Pvt. Ltd ( Asset Manager to Union KBC Mutual Fund)
Union KBC Trustee Company Pvt. Ltd (Trustee to Union KBC Mutual Fund)
Union Bank of India and KBC Participations Renta holds 51% and 49% stake individually in the above companies.


Quick Reply
Your Username: Click here to log in

Message:
Options



All times are GMT +5. The time now is 05:15 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Content Relevant URLs by vBSEO 3.6.0

1 2 3 4 5 6 7 8