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Integrated Treasury:
Union Bank of India is having a State of the Art Treasury, which operates at the 3rd floor of the Bank's Central Office building at Nariman Point, Mumbai. In conformity with the latest treasury management concept, the Bank has fully integrated its treasury operations and the Treasury in its present form operates simultaneously in all the financial markets viz, Money Market, Debt Market, Capital Market, Foreign Exchange Market & Derivatives Market. The Treasury is equipped with an upgraded software system, supported by latest information and communication technologies and manned by a select team of trained, experienced and dedicated officers. Domestic Operations: Main objective of the domestic operations in integrated treasury is Liquidity management i.e. optimal deployment of funds both in short term and long term purposes ensuring adequate liquidity. Apart from activities pertaining to management of funds and liquidity, the domestic wing of Treasury also handles financial instruments like:
The products and services offered by Treasury cater to the inter-bank market as well as to the corporate customers of the bank. The Bank offers its customers, including firms, companies, corporate bodies, institutions, provident funds trusts, Regional Rural Banks, Urban Cooperative Banks and Non-Banking Financial Companies opportunities to invest in Government Securities as allowed by Reserve Bank of India for non-competitive bidding. Forex Operations
Mid Office: A Mid-office operates within the Treasury; the role function of the mid-office is defined to provide suitable control function and MIS. Mid-office supplies information to Treasury Head, Investment Committee and the Top Management on the compliance of various limits fixed for trading transactions. Remittance Services: Apart from all above, Treasury also functions as the gateway of transactions for the Real Time Gross Settlement (RTGS) system and main hub for Society for Worldwide Inter-bank Financial Telecommunications (SWIFT) to which banks exchange dealing branches spread across the country are connected. The Treasury has been discharging a prominent role in messaging and remittance arrangements as well. “Union Bullet” utilizing the RTGS gateway, was made available as a convenient user-friendly product for the Bank’s customers. All the CBS branches of the Bank are RTGS enabled.
Contact Treasury Name of Executive – Shri. Chander Mohan Minocha Chief General Manager, Address - Treasury Branch Union Bank Bhavan, 3rd Floor,239 Vidhan Bhavan Marg Nariman Point, Mumbai 400021 Telephone No. 022-2202 3952 E-mail : cgm.tib@unionbankofindia.bank ........................................................................................................................ Name of Executive – Shri.Saroj Kumar Dash General Manager, Treasury Address - Treasury Branch Union Bank Bhavan, 3rd Floor,239 Vidhan Bhavan Marg Nariman Point, Mumbai 400021 E-mail : sarojdash@unionbankofindia.bank ........................................................................................................................ Name of Executive – Shri. Akhilesh Kumar Deputy General Manager, Treasury (Back Office -In Charge) Address - Treasury Branch Union Bank Bhavan, 3rd Floor,239 Vidhan Bhavan Marg Nariman Point, Mumbai 400021 Telephone No. 022-22892102 E-mail : akhilesh.kumar@unionbankofindia.bank -------------------------------------------------------------------------------------------------- Name of Executive – Shri. Ajay Shankar Singh Assistant General Manager, Treasury (Forex Back Office) Address - Treasury Branch Union Bank Bhavan, 3rd Floor,239 Vidhan Bhavan Marg Nariman Point, Mumbai 400021 E-mail : forexbackoffice@unionbankofindia.bank
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