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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 26, 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, 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 centres at Kuala Lumpur and Singapore, as Chief Executive of the respective territories.

Before joining Union Bank of India, Shri Tiwari was Executive Director in Allahabad Bank from June 18, 2012.

Presently, Shri Tiwari is also Chairman of Union KBC Asset Management Company Limited, an Asset Management Company of the Bank. He is a Director on the Board of Star Union Dai-Ichi Life Insurance Company Limited, Bank’s Life Insurance Joint Venture Company. He is the Chairman of Bank’s overseas subsidiary i.e. Union Bank of India (UK) Ltd. He is also Ex-Officio Director on the Board of General Insurance Corporation of India (GIC Re) and also a director on the board of the New India Assurance Company Ltd.

Shri Arun Tiwari is the Chairman of IBA Standing Committee on Risk Management and Basel Implementation, Chairman of IBA - Gyan Sangam Working Group on Risk Management, Co-Chairman of CII National Committee on Banking 2016-17, Member of Advisory Board of "Financial Inclusion Fund" constituted by Govt. of India, a Member of Governing Council (Director) of Indian Institute of Banking & Finance, Mumbai (IIBF), a Member of the Governing Board of Institute of Banking Personnel Selection, a Member of the Committee constituted by Govt of India, Ministry of Finance to look into the issues of High Level of Non Performing Loans.

 

 

 
 
 
 
RakeshSethi

Shri Rakesh Sethi

Executive Director

 

Shri Rakesh Sethi is working as an Executive Director of Union Bank of India since August 5, 2013.

Shri Rakesh Sethi is Bachelor of Commerce, LLB and Diploma holder in Personal Management. He is a Certified Associate of the Indian Institute of Banking. He has vast experience spanning over more than 38 years in various facets of Banking, both in domestic and international operations, having started his career with Bank of India during 1978.

 

Shri Sethi headed Chandigarh Zone of Bank of India which covers the northern states of Himachal Pradesh, Haryana & U.T. Chandigarh. As a General Manager he headed the National Banking – South covering all the six zones of Southern India having 565 branches. He has also headed Retail Banking operations of the Bank at Head Office. During his tenure in Bank of India, he has handled core areas viz. MSME, International Banking and Retail, with a focus on increasing the bank’s share in the customer wallet.

In addition to his domestic banking experience, Shri Sethi has also three overseas stints during his career at Jersey – Chanel Island (1987-89), Zambia (1997-2001) and lastly in London (2012-13) as Chief Executive of European operation of Bank of India.

Shri Sethi was elevated to the position of Executive Director of Union Bank of India on August 5, 2013 and since then he has been overseeing operations of key departments viz. Treasury (Domestic & Forex) Business, HR, Large Corporate, Credit Policy & MSME, NPA Management, Retail Banking & Marketing, Digital Banking, Central Audit & Inspection Dept. etc. He also supervises the overseas operations of Union Bank of India having Branches in Hongkong, Dubai and Antwerp, Belgium and a subsidiary in UK besides representative offices in Beijing, Shanghai, Sydney and Abu Dhabi.

Additionally, Shri Sethi is the Nominee Director on the board of Bank’s UK Subsidiary Union Bank of India (UK) Ltd. and a member of the Board of Union KBC Asset Management Company which is Bank’s JV in Mutual Fund Business. He is also Vice Chairman of the Board of Trustee of Union Bank Social Foundation Trust. Earlier Shri Sethi had served as Nominee Director on the Board of Joint Venture Star Union Dai-Ichi Life Insurance Company on behalf of Bank of India.

 

 

 
 
 
vinodKathuria

Shri Vinod Kathuria

 Executive Director

 

Shri Vinod Kathuria has joined Union Bank of India as an Executive Director on January 22, 2016

Shri Vinod Kathuria is Masters in Commerce from Delhi University and is a Certified Associate of the Indian Institute of Bankers. He joined Punjab National Bank as a Management Trainee in 1983 and has gained vast experience spanning over more than 32 years in various facets of Banking.

During his tenure at Punjab National Bank, Shri Kathuria headed the Treasury Division at Bandra Kurla Complex (BKC), Mumbai for 2 years plus. He has also handled Corporate Credit, Foreign Exchange Business and Treasury with a focus on Corporate Credit & Investment. Before joining Union Bank of India, Shri Kathuria headed the Agra Zone of Punjab National Bank which covers the Central Region of Uttar Pradesh State.

With knowledge and experience gained by Shri Kathuria in the field of Treasury and Corporate Credit, he was entrusted the assignment of formation of Bhartiya Mahila Bank by the Ministry of Finance (MoF) wherein he was member of the Core Management Team. Similarly, Shri Kathuria was also member of the Committee of Tier I Perpetual Bonds under Basel III Norms, the initiative taken by the Department of Financial Services (DFS), Ministry of Finance (MoF), Government of India. Having niche in market operations, Shri Kathuria also served as the member of the Committee formed by SEBI overseeing working of the Board of MCX-SX.

He was a Director on the Board of Principal Trustee Co. Pvt. Ltd., a Nominee Director on the Board of India Factoring and Finance Solutions Private Ltd. and Managing Director of PNB Insurance Broking Pvt. Ltd.

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