|
|
Union Bank of India
Feb 14, 2011
| Enjoy convenient, fast and efficient customised services for internationally enriched Indians. |
 |
| Established in 1919 and the Head Office inaugurated at the august hands of Mahatma Gandhi, Union Bank of India with its current headquarters at Nariman Point, Mumbai is the 5th largest and one of the prominent listed PSU Bank in India extending multifarious banking services to over 36 Millions customers thru. its PAN India and fully networked 3000+ offices and over 2500 ATMs. It has leveraged its technology edge to ensure high tech banking services practically in every segment of banking space to its domestic and global clients. Union Bank with its track record of consistently making profit since inception, registered a global business level of Rs. 3,20,000 Crores as of quarter ended December, 2010. It recorded an EPS and Book Value of 39.18 and 205.09 as of 31st December, 2010 and Capital Adequacy Ratio stood at 11.88%. |
|
| With strong growth strategy in focus in the coming years, It has a plan to open 500 new branches every year in India and also expanding its presence abroad. It has 5 Representative Offices at Abu Dhabi, Shanghai, Beijing, Sydney, London and a full-fledge branch at Hong-Kong. It is in the process of identifying new geographies for opening offices. It has plan to open full fledged branch in Dubai International Financial Center The Bank is holding approval from Reserve Bank of India for converting Sydney and Shanghai Rep. Offices into full fledge branch and subsidiary platform at London. There are plans to open offices in Belgium, Taranto, Canada and Johannesburg. |
|
| The bank offers basket of NRI products /services such as: |
- It has Centralized Account Opening ready kit NRE/NRO account opening platform supported by presence of Relationship Managers in few GCC countries facilitating opening and activation of Accounts in less than 5 working days.
- Opening of NRE/NRO/FCNR/RFC A/Cs and placement of funds at attractive interest rates in Term deposits schemes under aforesaid categories and also in our most competitive enhanced yield deposit schemes, such as "Union Smart Rupee / Foreign currency Deposit Schemes for NRIs"
- Rupee and FCL against NRE/FCNR
- Internet/SMS banking
- International VISA/Master Credit Card and VISA Debit Cards (ATM Cards)
- Purchase and sale of Foreign currency at attractive rates
- Inward/Outward Remittances by way of Swift/Wire transfer to/from any location, besides arrangement of DDS/Express Remittances from GCC thru tie-up with 22 Exchange Houses
- Bank's Portfolio Invest Services (PIS) enables NRIs to invest in Indian equities and bonds thru. Secondary Market.
- Online investment in IPOs/Right Issues thru its ASBA platform
- The Bank thru its " Union Paradise" Scheme exclusively targeted to NRIs offers Home Loans at market competitive rates with flexi repayment terms
- The Bank's Life Insurance Joint Venture, Star Union Dai-ichi commenced its operations from November 2009 is offering basket of value added life insurance products
- Its mutual fund joint venture with Belgium based KBC AM Group will shortly roll out different mutual fund products for wealth creation of its domestic and NRI clients, no sooner regulatory approvals are put into place.
|
|
| Enjoy convenient, fast and efficient customized services for internationally enriched Indians. |
|
| The Bank has been receiver of major awards and accolades and during the current year, it has been awarded with "Certificate of Recognition" for excellence in Corporate Governance, 2010 and Dale Carnegie Leadership Award for the Bank's transformation initiatives undertaken through project Nav Nirman |
|
| As a knowledge partners to OIFC, bank is willing to respond to any of your queries relating to banking in general and NRI banking in particular. For more information, please visit our website link or contact us at "nriibd@unionbankofindia.com" |
|
|
|
|
|
|
|
|
|
|
|
|