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Mumbai, Dec. 1 Union Bank of India has opened its representative office in Abu Dhabi and the first one in GCC countries.

The office will provide customers with banking, financial and consultation services apart from marketing Union Bank’s retail products, life and non-life insurance products and mutual funds.

It will market the products and services to non-resident Indians, joint ventures as well as corporates in the UAE, said a press release from Union Bank of India.

It will also provide information to entities in Abu Dhabi who want to do business in India. The office was inaugurated by Mr Pawan Kumar Bansal, Minister of State for Finance.

This is Union Bank’s second overseas office. The bank opened its first representative office in Shanghai in May 2007.

To cater to its non-resident clients, Union Bank has four specialised NRI branches. It has Rupee Drawing Arrangements with five leading exchange houses in the UAE and with 15 exchange houses in the GCC countries for NRI remittances, the release said.

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Union Bank opens rep office in Abu Dhabi

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