2023 2024 EduVark > Education Discussion > General Discussion


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June 6th, 2016, 09:42 AM
Super Moderator
 
Join Date: Mar 2012
Re: Project on Union Bank of India

Union Bank of India is one of the largest government-owned banks of India . It is listed on the Forbes 2000, and has assets of USD 13.45 billion

It has representative offices in Abu Dhabi, United Arab Emirates, Beijing, Peoples Republic of China, London and Shanghai, and branches in Hong Kong, Dubai (Dubai International Financial Centre),Antwerp in Belgium and Sydney in Australia.

The bank had 4196 branches in India as on 31 March 2016 and to add to it 4 overseas branches.

Directors of the Board


Shri Arun Tiwari
CHAIRMAN & MANAGING DIRECTOR

Shri Rakesh Sethi
Executive Director

Shri Vinod Kathuria
Executive Director

Shri Mihir Kumar
Govt Nominee

Shri Anil Kumar Misra
RBI Nominee

Shri Jag Mohan Sharma
Chartered Accountant Director

Dr. R. H Dholakia
Share Holder Director

Shri G. K. Lath
Shareholder Director

Dr. Uttam Kumar Sarkar
Shareholder Director

Dr. K. Ramesha
Part time Non-Official Director


Corporate Mission

-To be a customer centric organization known for its differentiated customer service.

-To offer a comprehensive range of products to meet all financial needs of customers.

-To be a top creator of shareholder wealth through focus on profitable growth.

-To be a young organization leveraging on technology & an experienced workforce.

-To be the most trusted brand, admired by all stakeholders.

-To be a leader in the area of Financial Inclusion.


Products and Services

Personal Banking

-Accounts & Deposits – cumulative deposit scheme, deposit reinvestment certificate, monthly income scheme, union flexi-deposit, senior citizens scheme, multi gain savings account, no frills saving account, union super salary account, union classic current account
-Retail Loans – union cash, union home, union health, union miles, union education, union top up, EMI calculator, union smile
-Cards - Classic / Silver / Gold, Corporate Credit Cards, Add-On Cards
-Insurance & Investment – mutual fund, union healthcare
-Demat – demat accounts, online share trading
-Payment

NRI Banking
-Remittance - Union E-Remit, Nostro Details for Remittance
-Savings & Deposits - NRO Non Resident Ordinary A/c Scheme, NRE Non Resident External Rupee, RFC, FCNR(B), Union Unfixed, Foreign Currency Deposit
-Loan & Services – house loans, foreign currency loans, loans against deposit, immovable property, and shares or debenture
-Payments - Union Bill Pay

Corporate Banking
-CMS - Union Speed, Union Centralized Debits/Credits, Union Prompt
-E-Tax - Customs and Direct taxes, DGFT, Central Excise and Service Tax
-Trade Finance – trade finance for exporters, trade finance for importers, foreign currency loans, correspondent banking
-Insurance - Non life Insurance – Corporate Agency, Insurance- Corporate Agency
-Syndication of Loans
-MSME Banking
-Loans & Policies

Internet Banking
-Account Information
-Transfer of Funds
-Bills
-Requests
-Mails
-Trade
-Limits
-Currency
-Uploads
-Customization
-Financial enquiries
-Non Financial enquiries

Head Office
Union Bank of India
239 Vidhan Bhavan Marg,
Central Office,
Nariman Point,
Mumbai -21
Customer care service Number: 1800 22 2244


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