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Profile
Executive Directors : CMD & EDs
Details
 

Shri Arun Tiwari
Chairman and Managing Director

 
Shri Arun Tiwari is the Chairman and Managing Director of Union Bank of India since
December 26th, 2013.
A postgraduate in Chemistry, Shri Tiwari has extensive knowledge in areas as diverse as banking
& finance and computer programming. Shri Tiwari, a voracious reader and continuous learner,
has undergone training at prestigious institutions, like Arthur D’Little, Boston, USA, Kellog School
of Management, Northwestern University, Chicago, Indian School of Business, Hyderabad, Indian
Institute of Technology, Mumbai, NIBM, Pune, etc. Shri Tiwari did a study assignment in USA and
Europe for export oriented Small Scale Industries in India under aegis of World Bank.
Shri Arun Tiwari started career as a Probationary Officer in Bank of Baroda, where he worked
in almost all key segments of Banking, in various capacities – at Branches, Zonal Office, and at
Corporate Office as General Manager – MSME & Wealth Management, Whole Sale Banking. His
tenure in the Bank spanned various geographies of the country and overseas centers at Kuala
Lumpur and Singapore, as Chief Executive of the respective territories. Shri Tiwari also headed
Greater Mumbai Zone of Bank of Baroda, in the rank of General Manager.
Before joining Union Bank of India, Shri Tiwari was Executive Director in Allahabad Bank from
June 18th, 2012 and handled the portfolios of Credit, Credit Monitoring, HR, IT, Risk Management,
Finance & Accounts, Vigilance, Branch Expansion & Support Services. He has also served as
Director on the Board of All Bank Finance Ltd.
Presently, Shri Arun Tiwari is also Chairman of Union KBC Asset Management Company Limited,
an Asset Management Company of the Bank. Shri Tiwari is also Director on the Board of Star
Union Dai-ichi Life Insurance Company Limited, Bank’s Life Insurance Joint Venture Company. In
addition, he is Chairman of Bank’s overseas subsidiary i.e. Union Bank of India (UK) Ltd.
Shri Arun Tiwari is Chairman of Indian Banks’ Association Standing Committee on Financial
Inclusion and also Director on Board of General Insurance Corporation of India (GIC Re).

Shri Arun Tiwari is the Chairman and Managing Director of Union Bank of India since December 26th, 2013.

 

A postgraduate in Chemistry, Shri Tiwari has extensive knowledge in areas as diverse as banking & finance and computer programming. Shri Tiwari, a voracious reader and continuous learner, has undergone training at prestigious institutions, like Arthur D’Little, Boston, USA, Kellog School of Management, Northwestern University, Chicago, Indian School of Business, Hyderabad, Indian Institute of Technology, Mumbai, NIBM, Pune, etc. Shri Tiwari did a study assignment in USA and Europe for export oriented Small Scale Industries in India under aegis of World Bank.

Shri Arun Tiwari started career as a Probationary Officer in Bank of Baroda, where he worked in almost all key segments of Banking, in various capacities – at Branches, Zonal Office, and at Corporate Office as General Manager – MSME & Wealth Management, Whole Sale Banking. His tenure in the Bank spanned various geographies of the country and overseas centers at Kuala Lumpur and Singapore, as Chief Executive of the respective territories. Shri Tiwari also headed Greater Mumbai Zone of Bank of Baroda, in the rank of General Manager.

Before joining Union Bank of India, Shri Tiwari was Executive Director in Allahabad Bank from June 18th, 2012 and handled the portfolios of Credit, Credit Monitoring, HR, IT, Risk Management, Finance & Accounts, Vigilance, Branch Expansion & Support Services. He has also served as Director on the Board of All Bank Finance Ltd.

Presently, Shri Arun Tiwari is also Chairman of Union KBC Asset Management Company Limited, an Asset Management Company of the Bank. Shri Tiwari is also Director on the Board of Star Union Dai-ichi Life Insurance Company Limited, Bank’s Life Insurance Joint Venture Company. In addition, he is Chairman of Bank’s overseas subsidiary i.e. Union Bank of India (UK) Ltd.

Shri Arun Tiwari is Chairman of Indian Banks’ Association Standing Committee on Financial Inclusion and also Director on Board of General Insurance Corporation of India (GIC Re).

 

 

 
 
 
 
RakeshSeth

Shri. Rakesh Sethi

Executive Director

 

Mr Rakesh Sethi, is Bachelor of Commerce, LLB and a Diploma holder in Personnel Management. He is a Certified Associate of the Indian Institute of Banking and Finance. He has a vast experience spanning more than 35 years in various facets of banking both in domestic and international operations, having started his career with Bank of India. 

As Zonal Manager BoI, Mr Sethi headed Chandigarh zone covering the Northern states of Himachal Pradesh, Haryana & U.T. Chandigarh. As a General Manager, he headed the National Banking - South comprising all the six zones of entire Southern India having 565 branches and Retail Banking operations of the Bank.

 

During his tenure in Bank of India he handled many core areas viz. Retail, MSME and International Banking with a focus on increasing the bank’s share in the customer wallet. In addition to his domestic banking experience, Mr Sethi also has three overseas stints during his career at Jersey - Channel Islands, Zambia and lastly as Chief Executive of European operations of Bank of India.

He was elevated to the position of Executive Director of Union Bank of India on 5th August 2013 and since then he has been overseeing operations of key departments viz. Treasury (Domestic & Forex) Business, NPA Management, Retail Banking & Marketing, Alternate Channels & New Initiative, Central Audit & Inspection Dept. He also supervises the overseas operations of Union Bank of India having branches in Hong Kong, Dubai and Antwerp – Belgium and also a subsidiary in UK besides representative offices in Beijing, Shanghai, Sydney and Abu Dhabi.

Touring different places very close to nature in India and abroad is his hobby.

 

 

 
 
 
 
I am a contractor and maintain Current Account with your Branch since the Branch was opened.
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