Union Bank of India Joint Venture

Can any one here describe the Joint Venture of the Union Bank of India with the Star Union Dai-Ichi Life Insurance? I have an account in this bank so I am curious to know about it? Please forward me detailed information about the Joint Venture of the Union Bank of India?

Sir I want to know about the Union Bank of India Joint Venture so can you please give me some details

[Shaleen]

Union Bank of India is Banking in India since 1919 with 3500 branches. Offers a wide range of Personal Banking Services, NRI, MSME, Corporate & Rural Banking Services.


Here I am giving you the details of the Union Bank of India Joint Venture


Insurance

Star Union Dai-Ichi

Union Bank of India is distributing Life Insurance products under corporate agency tie-up with Star Union Dia-ichi (SUD) Life Insurance Co. Ltd. which is the Joint Venture of Union Bank of India, Bank of India (two leading Public Sector Banks in India) & Dia-ichi Life Insurance Co. Japan (a leading Japanese Company in the Life Insurance market)

Asset Management

UNION KBC ASSET MANAGEMENT CO. PVT. LTD.

Bank had set up the following companies in accordance with the organization structure of a Mutual Fund in India.

Union KBC Asset Management Co. Pvt. Ltd ( Asset Manager to Union KBC Mutual Fund)

Union KBC Trustee Company Pvt. Ltd (Trustee to Union KBC Mutual Fund)

UNION KBC TRUSTEE CO. PVT. LTD.


Union Bank, coupled with KBC Belgium’s strong domain expertise, is expected to lead to Union KBC becoming a strong player in the Mutual Fund Products market in a short time.

Union Bank of India and KBC Participations Renta holds 51% and 49% stake respectively in the above companies.

Contact

Address:
Mehar Mansion,

Post Box No. 9,

Shrinagar Rd,

Ajmer,

Rajasthan 305001
Phone:0145 242 914