General > RTI
RTI
CENTRAL ASSISTANT PUBLIC INFORMATION OFFICERS (CAPIOs)
All Branch Managers of bank are designated as Central Assistant Public Information Officers (CAPIOs). For any RTI inquiry regarding a branch, the authority will be the CAPIO i.e. the Branch Manager. For contact Details of the branches, please click below
Please click here for List of Branches
Please click here for (Details of central public information officers and Appellate authorities under right to information act)
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Name of the Nodal Officer |
Designation |
Place of Posting |
Office Address |
E-mail Id |
Telephone |
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Jayadeesh V |
AGM (Law) |
Legal Services Department,SAMV,Central Office |
Union Bank Bhavan, Legal Services Department, SAMV, 11th Floor, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai. 400021 |
022-22896552 9869105457 |
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Section 4(1)(b) |
Type of information to be published (B) |
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(i) |
The particulars of its organization, functions and duties |
Union Bank has its Corporate Office at Mumbai. Bank is having 54 Regional Offices and more than 3175 branches through out India. Union Bank is in the Banking business and does functions stated under Banking Regulation Act, 1949 and perform functions as permitted by RBI. For details visit our Banks ' |
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(ii) |
The powers and duties of its officers and employees |
The powers and duties of officers and employees are decided by the Board of Directors and in terms of Service Regulations and Memorandum of Understanding/agreements with majority Unions To sanction advance All the officers from JMGS to DGM grade of the Bank heading branches are vested with certain financial powers and administrative powers depending upon their positions. Consequent upon formation of Credit Approval Committees at various levels i.e. Central Office / Field General Manager Office / Regional Office, the Loaning Powers vested in individual capacities at CO / FGMO / RO cease to exist. The Committees established at different levels (including Committee of Board) also have certain discretionary lending and administrative powers depending on the committee's level in the organizational structure.
The delegation of financial, administrative and other powers to Branch Heads / Committees are decided by the Board of Directors of the Bank and in terms of Service Regulations and Memorandum of Understanding/agreements with majority Unions. These powers are revised periodically, depending upon the organization's requirement and statutory / regulatory guidelines issued by Government / RBI from time to time. The concerned sanctioning authority takes a decision to sanction a loan or otherwise, on merits of each proposal after taking into consideration relevant facts and other requisite information. DELEGATED AUTHORITY FOR DEATH CLAIM SETTLEMENT : click here
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(iii) |
The procedure followed in the decision making process, including channels of supervision and accountability |
Board of Directors delegate powers to officers/employees at various levels for discharging various duties for smooth functioning of the organization. Guidelines are laid down for exercising supervision, control and fixing accountability / responsibility. |
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(iv) |
The norms set by it for the discharge of its functions |
Directions received from Ministry of Finance, Government of India, Reserve Bank of India and /or approved by the Board of our Bank from time to time are the guiding principles for discharging various functions. |
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(v) |
The rules, regulations, instructions, manuals and records held by it or under its control or used by its employees for discharging its functions |
Best Practice Code (Manual of Instructions and circulars) on all our products, periodical circulars, Hand books etc., is made available to all employees for discharging various functions. Information about various assets and liability products, best practices code, grievance policy etc are already provided on the website of the bank . |
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(vi) |
A statement of the categories of the documents that are held by it or under its control |
Documents, as required under law, rules and regulations, such as, Balance Sheets, record of the staff, licenses obtained from RBI for opening branches/offices etc., are held by the Bank. |
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(vii) |
The particulars of any arrangement that exists for consultation with, or representation by, the members of the public in relation to the formulation of its policy or implementation thereof; |
Board of Directors, which formulates and implements its policy, also includes representatives nominated by Government of India. |
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(viii) |
A statement of the boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice and as to whether meetings of those boards, councils, committees and other bodies are open to the public, or the minutes of such meetings are accessible for public; |
The Composition of Board of Directors of the Bank is governed by the provisions of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970. The Board has formed various committees as per the requirement of the applicable law/guidelines of RBI/Ministry of Finance/SEBI. The Composition of various Committees of the Board is made available on – Public is not entitled to participate on the meetings of the Board / Committees and minutes are not accessible to Public. However, matters that do not fall under exempted category under RTI Act can be disclosed on specific request. |
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(ix) |
A directory of its officers and employees; |
website: |
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(x) |
The monthly remuneration received by each of its officers and employees including the system of compensation as provided in its regulations, |
· The Government of India fixes remuneration of the Chairman & Managing Director as well as the Executive Director of the Bank. |
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(xi) |
The budget allocated to each of its agency, indicating the particulars of all plans, proposed expenditures and reports on disbursements made |
Bank's Balance sheet | ||||||||||||||||
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(xii) |
The manner of execution of subsidy programmes, including the amounts allocated and the details of beneficiaries of such programmes |
The subsidy is available under Government sponsored schemes e.g. PMEGP, SGSY, SJSRY and each scheme has specific guidelines for the appropriation of the subsidy as per guidelines issued by RBI from time to time. Technology Upgradation Fund Scheme (TUFS) under ministry of Textiles(MoT), Government of India. Click for Product Link Technology Upgradation Fund Scheme (TUFS) under Co-operation, Marketing and Textiles Department, Government of Maharashtra Click for Product Link |
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(xiii) |
Particulars of recipients of concessions, permits or authorisations granted by it |
Farmers are given crop production credit loans @ 7% p. a.up to maximum amount of Rs 3.00 lacs. An additional interest subvention @ 3% is given to such farmers who are promptly repaying their above loans. For Technology Upgradation Fund Scheme (TUFS) under ministry of Textiles(MoT), Government of India product Individual details can be checked by entering TUFS Ref, No. and PAN of the beneficiary under the Heading Application Status |
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(xiv) |
Details in respect of the information, available to or held by it, reduced in an electronic form |
Details of products and services offered by the Bank are made available on our website :https://www.unionbankofindia.co.in/en/home |
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(xv) |
The particulars of facilities available to citizens for obtaining information, including the working hours of a library or reading room,if maintained for public use |
Union Bank is not maintaining any Library/Reading Room for Public. However, Public can obtain information on our various products from any of the Bank branches. Further the information is also made available on our |
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(xvi) |
The names, designations and other particulars of the Public Information Officers |
List of Public Information Officers placed at various Regional Offices and FGMOs and Central Office all over the country and Appellate Authority placed at Head Office is made available on Ban's website under RTI portal. |
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(xvii) |
Such other information as may be prescribed |
Consultancy Committee of key stake holders for advice on suo-motu disclosure
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Committee of PIOs/FAAs with rich experience in RTI to identify frequently sought information under RTI Act
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Norms for Basel II / III issued by RBI |
click here |
In terms of order dated 13-02-2019 passed by central information commission
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Circular No |
Date |
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IC No. 11362 |
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IC No. 11664 |
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IC no. 11696 |
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IC No. 11849 |
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IC No. 11922 |
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IC No. 10023 |
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IC No. 12493 |
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IC No. 358-2016 |
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Order passed by |
Application/ Appeal/ Proceeding/ Case No. |
Order Dt. |
Information Disclosed |
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Central Information Commission |
CIC/UBIND/A/2020/683935 |
01/08/2022 |
Master Circular on Kisan Credit Card (KCC) Scheme- 2017 of the erstwhile Andhra Bank |
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Order passed by |
Appeal No. |
Order dt. |
Information disclosed |
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Central Information Commission |
CIC/CORPB/A/2020/ 677384/UBIND |
18.08.2022 |
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S No |
Information sought |
Reply |
Date of Reply |
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1. |
The facility of Pledging of Post Office NSC certificate is available for Union Bank customers. Kindly intimate how much percentage of the face value (of 4 year old NSC which is about to mature within one year) is entitled to the Union Bank customers? Copy of Rules, Circulars, Notifications issued by RBI, Government of India or Union Bank of India Central Office in this regard in PDF format downloadable via RTI online portal may be ensured |
The margin(minimum) for loan against NSC (of face value), as per extant guidelines is: i) NSCs which have completed 3 years & above : 15% ii) NSCs which have completed less than 3 years: 25% The copy of Bank’s circular cannot be provided as it includes information related to commercial confidence and trade secrets which are related to commercial decisions while processing the loan application the disclosure of which would harm the competitive position of the Bank as per sec 8(1)(d) of RTI Act. |
06-04-2022 |
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2. |
What is rate of interest of the above ? |
The rate of interest for loan against NSC is as under: MSMEs: EBLR+2.75% (present EBLR of the Bank is 6.80%) & For others: MCLR + 2.65% (present 1 Yr MLCR of the Bank is 7.25%) EBLR / MCLR of the Bank are subject to periodical revision. |
06-04-2022 |
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3. |
Can a currency chest of Union Bank of India deny to accept soiled/multilated/two piece/three piece currency note ? If yes, kindly provide me with SOP |
All branches of the banks are mandated to exchange soiled/ mutilated /defective notes to members of the public. Currency chest units being separate entities from branches, members of public cannot approach directly to avail the facility. However, currency chest may accept such notes from branches along with their remittance. |
06-04-2022 |
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4. |
How to apply moratorium for EMI’s for Banks and NBFC’s. |
Moratorium of EMI’s is applicable for various loan products according to their respective product categories. The products and their moratorium details are available on the Bank’s website- https://www.unionbankofindia.co.in/en/home However, moratorium under COVID-19 relief package was announced by RBI, wherein 6 months moratorium was granted from March 1, 2020 to Aug 31, 2020. Accordingly, the moratorium was provided to all eligible borrower accounts which are Standard assets as on 01.03.2020. |
22-04-2022 |
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5. |
How can I complain against Bank employee and where? |
You may file a complaint at the concerned RO/FGMO or on our Bank’s website- https://www.unionbankofindia.co.in/en/home under the head- we care> Self Help> complaint |
22-04-2022 |
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6. |
Is an entity or an organisation, other than Govt of India, permitted to verify if the Aadhaar number of a particular individual has been seeded to a bank account? a. If yes, then: i. Who all are permitted? ii. What is the procedure for verification? |
No, the details seeded with respect to bank account will be stored in Bank records as per KYC guidelines. a. NA b. The Bank is under statutory obligation to keep confidentiality of customer’s information. |
25-04-2022 |
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7. |
Can an entity or an organisation, other than Govt. of India, verify if an Aadhaar number has been seeded to a bank account of any individual and communicate the same to any other entity or organisation: |
As per prudent banking practices, KYC details of customer obtained while opening the Bank account will be shared with Government agencies viz. CBI, ED, SIFO, IT Dept. Etc., when called for. Data will be shared in response to specific request from the above agencies. a. NA b. The Bank is under statutory obligation to keep confidentiality of customer’s information. |
25-04-2022 |
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8. |
Can entities like banks or such entities allowed to store this information online as per regulations, provide this information to any entity or an Organisation about any individual: i. What is the procedure, kindly provide a copy. ii. Who all are permitted to seek this information? iii. Who is the competent authority to permit sharing this information in such entities? b. If no, then kindly provide copy of relevant rule or Govt. instruction issued by relevant authority on basis of which this information cannot be shared by these entities permitted to store it. |
Such information is stored with the Bank as per KYC guidelines. The Bank is under statutory obligation to keep confidentiality of customer’s information. |
25-04-2022 |
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9. |
Can an entity or an organisation, other than Govt. of India, seek information of any other individual’s bank account if it is active and functional: a. If yes, then what is the procedure, kindly provide a copy. b. If no, then kindly provide copy of relevant rule or Govt. instruction issued by relevant authority on basis of which seeking such information is not permitted. |
As per prudent banking practices, KYC details of customer obtained while opening the Bank account will be shared with Government agencies viz. CBI, ED, SIFO, IT Dept. Etc., when called for. Data will be shared in response to specific request from the above agencies. The Bank is under statutory obligation to keep confidentiality of customer’s information. |
25-04-2022 |
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10. |
Can aadhaar seeded Jan Dhan / Savings Bank / Post Office accounts held with the banking entity be made dormant, due to lack of usage, by the banking entity where the account exists, if yes: a. After what duration of inactivity the account will be made dormant? b. Will Govt. initiated Direct Benefit Transfer will be credited to such dormant accounts? |
Accounts with our Bank will be categorised as inactive for no transactions in the account, if there is No customer induced transaction in the account for more than 24 Months. b.) Yes. |
25-04-2022 |
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11. |
To whom should I contact for central govt. pension related issues |
You may contact the Pension Sanctioning Authority to resend the e-PPO to CPPC, Union Bank of India, New Delhi. |
30-04-2022 |
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12. |
How much amount of business has been done under Bancassurance in all public sector banks for the FY 2021-22? |
The above-mentioned figures of “Premium Collection” in Crores and pertain to FY 2021-22. |
05-05-2022 |
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13. |
How much income is earned by the Public sector banks, from the insurance companies through such business for the FY 2021-22? |
The above-mentioned figures are in Crores and pertain to FY 2021-22 |
05-05-2022 |
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14. |
Which branch are connected to (CTS) cheque truncation system and which (branch) are not connected. Give detail information. |
All branches of Union Bank of India have been brought into CTS clearing as of now. |
09-05-2022 |
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15. |
Please give an list of NPA accounts declared during the last 1 year, with party name, branch name, amount of NPA for all npa accounts exceeding 1 Crores. |
Accounts- 849 Amount- Rs. 10770 Crore |
10-05-2022 |
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16. |
Number of loan restructured by each public sector bank to their existing borrowers during the covid-19 pandemic duration, in accordance to the notifications issued by RBI to extend facility of loan restructuring to the existing borrowers in view of the covid-19 pandemic |
As on dt.31.12.2021 Number of borrowers loan restructured by our Bank: 2,20,902 |
12-05-2022 |
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17. |
Total amount of above restructured loan of existing borrowers by each public sector bank in accordance with the notifications issued by RBI to extend facility of loan restructuring to the existing borrowers in view of the covid-19 pandemic. |
Total amount of above restructured loan : Rs.22,211.32 crores |
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18. |
Kindly send copy of Cheque Collection Policy of Union Bank of India for Financial Year 2022-2023 |
The Policy on Collection of Cheque/Instruments & Dishonour of Instruments 2022-23 is published for public access on Bank’s website, https://www.unionbankofindia.co.in/en/home under the Head; We care> Policies. |
17-05-2022 |
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19. |
Kindly inform me whether or not internet banking already activated for view facility only can be upgraded to transaction facility for SBGEN account from home branch without any debit card linked to the account. If so, kindly inform me its procedure. |
The upgrading of Internet Banking from View only to View & Transaction for customers not having debit card can be done at home branch by submitting physical written application as per prescribed format (enclosed herewith), Thereafter the Branch will forward the same to Admin at Central Office of the Bank for upgrading the transaction facility. |
17-05-2022 |
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20. |
There is Free personal Accident Insurance (Death) cover with debit card for those who opened Savings bank account (SBGEN) with Union Bank. In this regard, What are the terms and conditions for the free personal accidental insurance (death) cover in detail. |
Eligibility criteria for lodging issuance claim is as under: 1)Death of debit card holder should be due to accident. 2)Debit card should be in active status. 3)Debit card should have been used for financial or non financial transaction before 90 days from the date of accident of the cardholder. |
19-05-2022 |
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21. |
In case if a customer availed a debit card from another bank, which has also free personal accident insurance (death) cover, whether the free personal accident insurance (death) cover offered by your Bank is affected? |
If a person has availed debit card cover from one bank, he can also avail personal accidental death cover from other bank also. |
19-05-2022 |
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22. |
Whether customer can claim free personal accidental insurance (death) cover from your Bank though the same customer has availed a free personal accidental insurance (death)cover from a different Bank? |
A customer can claim free personal accident insurance cover from our Bank though the same customer has availed a free personal accidental insurance (death) cover from a different Bank. |
19-05-2022 |
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23. |
Can a Cashier do cash payment after business hours. |
As a measure of customer service branches may extend the facility of cash payment before HCSOLOP even after normal business hours to meet customer’s genuine and urgent requirements, even if the Cash Balance Book has been inked out. ii.The late payment should be recorded in the Cash Balance Book. iii.The transaction should be entered in the system-Finacle. |
21-05-2022 |
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24. |
Whether cash payments allowed after Working Hours of the Bank |
As a measure of customer service branches may extend the facility of cash payment before HCSOLOP even after normal business hours to meet customer’s genuine and urgent requirements, even if the Cash Balance Book has been inked out. ii.The late payment should be recorded in the Cash Balance Book. iii.The transaction should be entered in the system-Finacle. |
21-05-2022 |
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25. |
भारत सरकार के कसी भी राष्ट्रीयकृत बैंक मे बैंक खाते मे उपलब्ध धनराशि की जानकारी खाताधारक के अतिरिक्त किसी भी अन्य व्यक्ति को दिये जाने से संबन्धित नियम की प्रति प्रदान करे। |
बैंक ग्राहक के खाते से संबंधित कोई भी जानकारी किसी भी तृतीय पक्ष को प्रदान नहीं करेगा. |
25-05-2022 |
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26. |
यूनियन बैंक ऑफ इंडिया मे किसी भी व्यक्ति द्वारा किसी अन्य खाताधारक की पासबूक प्रिंटिंग करने हेतु प्रस्तुत की जाती है तो बैंक कर्मी उस पासबूक को प्रिंटिंग अपडेट करके अन्य व्यक्ति को देगा या नहीं संबन्धित नियम की सूचना उपलब्ध कराये। |
बैंक तृतीय पक्ष द्वारा लाए गए ग्राहक के पास-बुक का अद्यतन नहीं करेगा। |
25-05-2022 |
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27. |
पासबूक प्रिंट करके खाताधारक के अतिरिक्त किसी अन्य व्यक्ति को दिये जाने संबंधी नियम एवं रिजर्व बैंक के आदेशो की प्रमाणित प्रति प्रदान करे । |
बैंक तृतीय पक्ष द्वारा लाए गए ग्राहक के पास-बुक का अद्यतन नहीं करेगा। |
25-05-2022 |
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28. |
आरटीजीएस/एनईएफ़टी द्वारा करवाने मे खाताधारक द्वारा आरटीजीएस फॉर्म के साथ संबन्धित धनराशि का चेक देना अनिवार्य है अथवा नहीं, कृप्या संबन्धित नियम कि प्रति प्रदान करे । |
आरटीजीएस/एनईएफ़टी लेनदेन को प्रभावी करने के लिए खाता धारक से स्पष्ट अधिदेश होना चाहिए. फॉर्म/चेक में किया गया हस्ताक्षर रिकॉर्ड में दर्ज हस्ताक्षर के मेल होना चाहिए. |
25-05-2022 |
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29. |
आरटीजीएस/एनईएफ़टी करने हेतु संबन्धित ग्राहक द्वारा फॉर्म नहीं भर कर सिर्फ चेक देकर उक्त कार्य करवाने पर संबन्धित बैंक के नियम कि प्रति प्रदान करे। |
शाखाओं को आरटीजीएस/एनईएफ़टी लेनदेन के लिए मानक फॉर्म का प्रयोग करना चाहिए जो यह सुनिश्चित करेगा कि सभी विवरण सही भरे गए हैं तथा आवश्यक मापदंड छोड़े नहीं गए हैं. ग्राहकों को भी सभी आवश्यक विवरणों सहित मानकीकृत फॉर्म को भरने में सुविधा होगी. |
25-05-2022 |
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30. |
The list of all the softwares currently used by the Bank and the job/task performed by these softwares and there benefit to the Bank. |
Bank is using multiple softwares procured from different vendors to meet the requirement of business of Bank. Here is the list of few main softwares as under: 1. Finacle (Core banking Solution) 2. Document Management System 3. Mobile Banking 4. SMS 5. Cheque Truncation System 6. Network Electronic Display Unit 7. Financial Inclusion 8. DEMAT 9. Lending Automation Solution (LAS) |
26-05-2022 |
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31. |
Inform software procurement policy of Bank. |
We are providing the relevant extract of IT Procurement & e-tendering Policy of Bank 2022-23 in respect of softwares as under: In case of software procurement, if required, Bank will assign the weightage to technical and commercial aspect say 70:30 i.e. 70% to technical aspect and 30% to commercial aspect. Detailed evaluation matrix will be formulated on case to case basis. TYPE OF PROCUREMENT PROCESS: Bank may adopt following purchase method for procuring the hardware and software:- GENERAL PROCUREMENT – Requirement will be consolidated and tender will be floated to obtain the best competitive rates. RATE CONTRACT – For items of recurring nature, rate contract method may be adopted. The rate contract may be valid for a period of 6 or 12 or 24 months with a provision for review of rates at a regular period, say, quarter, half yearly etc. EMPANELMENT OF VENDORS – More than one vendor will be empaneled for providing the desired items which are not on approved list of items and requirements are urgent. This empanelment would be valid for a particular period like 6 or 12 or 24 months with a provision for review of rates at a regular period, say quarterly, half yearly etc. However, for empaneling the vendor for particular purpose, open tender process be initiated. The prequalification criteria should be framed keeping in view the purpose of the empanelment. This should include the experience and past performance for last 2/3 years for similar works, capability w.r.t. personnel, equipment etc. and financial standing for last 2/3 years. E-PROCUREMENT- DIT shall adopt full suite e-procurement by licensing software or outsourcing through a selection process. Bank will use e-Tender for procurement of Goods & Services in line with e-Tender clause. Bank will use Reverse Auctions for commercial evaluation of RFPs in line with the reverse auction clause. |
26-05-2022 |
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32. |
Please provide information/ document regarding detail of total No. central government pensioner/ Family Pensioner (Civil Pensioner , Telecom Pensioner , Department of Post Pensioner , Railway Pensioner , Defence Pensioner ) drawing there pension/Family Pension from nationalized Banks, CPPC Wise (please provided the copy of information /document list (dully verified/ true copy) |
No. of Central Government Pensioners, where CPPC has been disbursing pension:
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26-05-2022 |
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33. |
Please provide information/ document regarding Check list for pensioner/ Family Pensioner drawing there first pension from Bank Account. (please provided the copy of information /document list (dully verified/ true copy) |
Original PPO (Disburser Portion), Descriptive Roll, Letter of Undertaking from pensioner |
26-05-2022 |
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34. |
Please provide information/ documents circular regarding all Facility Available for Pensioner / family pensioner (please provided the copy of information /document list , circulars (dully verified/ true copy) |
Please refer to the Customer Rights Policy which is available on Bank’s website, https://www.unionbankofindia.co.in/en/home under the head, We Care>Policies. For more specific information, you may contact the nearest branch of Union Bank of India. We also wish to inform that the Bank provides monthly pension slip to all pensioners and Digital life certificate facility to all pensioners . Pensioner can also open a joint account with spouse. |
26-05-2022 |
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35. |
Please provide information/ document regarding timeline/ time bound limit for Payment of pension / family pension (please provided the copy of information /document list (dully verified/ true copy) |
As per RBI Master guidelines for pension disbursement, Bank disburses pension over the last four working days of the month, except the month of March, which will continue to be credited on or after the first working day of April. You may visit rbi.org.in on which the guidelines of RBI are available. |
26-05-2022 |
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36. |
Please provide information/ circulars regarding timely Credit Pension / family Pension in Pension Account. (please provided the copy of information /document list (dully verified/ true copy) |
As per RBI Master guidelines for pension disbursement, Bank disburses pension over the last four working days of the month, except the month of March, which will continue to be credited on or after the first working day of April. You may visit rbi.org.in on which the guidelines of RBI are available. |
26-05-2022 |
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37. |
Are there any guidelines for collecting process fees and inspection charges on Kisan credit card? If so please provide the details |
Service charges are as per guidelines of the Bank. For details, please visit our Bank’s website, https://www.unionbankofindia.co.in/en/home under the Head, Products>Personal>Kisan Credit Card. |
27-05-2022 |
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38. |
Please give me details of procedure given by Reserve Bank of India to all the Banks towards death claim of account holder of Bank. |
The guidelines of RBI can be viewed on RBI’s website, rbi.org.in and the guidelines of Union Bank of India regarding Death claim settlement can be accessed on Union Bank of India’s website, https://www.unionbankofindia.co.in/en/home under the Head, Other Links>Policies & Disclosures>Death Claim. |
01-06-2022 |
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39. |
Please provide all the RBI approvals for the subsidiary UBI Services Limited (erstwhile Corp Bank Securities Limited) |
The Company has been granted a Certificate of Registration dated 8th January, 2000 by RBI to commence the business of non-banking financial institution to carry on any activities related to financial services except accepting Public Deposits. Further, the company is also registered with SEBI vide Regn.No.INZ000181932 for carrying out Stock Broking/Proprietary Trading activities and, as per the Securities Board of India (Stock Brokers) Regulations, 1992, there are no restrictions on carrying on any other business by the Company. However, being the Member of the BSE/NSE Exchange as stock broker, the Company has sought their opinion on company’s other activities of Agency/Marketing services, which says that “As per the Rule 8(3)(f) of Securities Contract (Regulation) Rules, 1957 (SCRR), a Member can be involved as a broker or agent not involving any personal financial liability.” Hence citing the above, the company has all the required approval in place to carry on present business activities as on date. |
01-06-2022 |
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40. |
Please provide the list of activities which RBI has allowed to undertake to UBI Services Limited (erstwhile Corp Bank Securities Limited) |
The primary business of the company is Institutional Broking and Proprietary Trading as regulated by SEBI. The other activities carried out by the Company is of providing Marketing/Agency services to the Parent Bank as follows:- · Distribution/Sourcing of leads for Home/Vehicle Loans for Parent Bank. · Distribution of Mutual Funds and E-Will Services. |
01-06-2022 |
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