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Executive Directors : CMD & EDs

Shri Arun Tiwari
Chairman and Managing Director

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, 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, Wholesale 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. 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 Tiwari is also a Non-Executive Director & Chairman of Union Asset Management Company Pvt. Limited (formerly Union KBC Asset Management Company Pvt 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. He is also Nominee Director of ECGC.

Shri Arun Tiwari is the Deputy Chairman of IBA and also chairman of 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 Committee constituted by Govt of India, Ministry of Finance to look into the issues of High Level of Non Performing Loans, chairman of FICCI Banking and financial institution committee. Shri Tiwari is also the Chairman of the Board of Trustee of Union Bank Social Foundation Trust.



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.

Presently, Shri Kathuria is a Non-Executive Director of Union Asset Management Co. Pvt. Ltd. (formerly Union KBC Asset Management Company Pvt Limited), an Asset Management Company of the Bank.


Shri Raj Kamal Verma

Executive Director

Shri Raj Kamal Verma is Executive Director of Union Bank of India since August 9, 2016.

Shri Raj Kamal Verma is Bachelor of Arts (Hons) and is a Certified Associate of the Indian Institute of Banking & Finance. He has vast experience of more than 34 years in various facets of Banking, both in domestic and international operations, having started his career with Bank of India in the year 1981. He worked in various capacities including as branch head, credit head and zonal manager. He had also headed Inspection & Audit Department of Bank of India at their Head Office. In addition, Shri Verma also had overseas stint at Kenya as Chief Executive from September 2012 to October 2015.

At present as an Executive Director, he is overseeing key functional areas viz. MSME & Credit Policy, Personal Banking & Operations, Central Audit & Inspection, Corporate Communications, Digital Banking, Personnel & Human Resources and Dept. of Information Technology.

Shri Verma has interest in music, reading and sports. His leadership style is focused on team-spirit, rewarding performance and mentoring future leaders.


Shri Atul Kumar Goel

Executive Director

Shri Atul Kumar Goel assumed the charge as Executive Director of Union Bank of India on 15/09/2016. Prior to his elevation as Executive Director he was General Manager and Chief Financial Officer (CFO) at India’s oldest Bank, Allahabad Bank.

Born in December 1964, Shri Goel holds a Bachelor Degree with Honours in Commerce and member of Institute of Chartered Accountants of India (ICAI). He is also a Certified Associate of Indian Institute of Bankers (CAIIB). His career in Banking began when he joined Allahabad bank as Chartered Accountant on 27.03.1992.

His twenty four years of service in Allahabad Bank saw him rise in his career with key responsibilities held in Branches, Zonal Office and Head Office covering a vast spectrum of banking operations. During that period he handled Corporate Credit, Foreign Exchange Business and Treasury & take proactive result oriented measures to garner market share. He also headed the Mumbai Zone of Allahabad Bank.

As a General Manager & CFO of Allahabad Bank his portfolio included Finance & Accounts, International Banking, Treasury & Joint Venture. He was also a Director on the Board of All Bank Finance Limited, a subsidiary of Allahabad Bank.

Shri Goel has attended prestigious training programme conducted by NIBM Pune, IMT Delhi apart from member of Taxation Committee in IBA. He has also undergone training programme held abroad conducted under aegis of CAFRAL.

He is considered as one of the youngest and dynamic executive in the Banking Industry.

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