Money & Banking

Union Bank rolls out new organisation structure

Our Bureau Mumbai | Updated on June 11, 2020 Published on June 11, 2020

Union Bank of India, on Thursday, announced the roll out of its new, combined organisation structure that includes 18 zonal offices and 125 regional offices.

This roll out follows the amalgamation of Andhra Bank and Corporation Bank into Union Bank of India with effect from April 1.

The public sector bank, in a statement, said four new zonal offices have been established across Chandigarh, Jaipur, Mangaluru and Visakhapatnam, with a strategic view to increase penetration across geographies.

The opening of two new zonal offices in South India will enable the bank to further strengthen its market share in this vital region, it added.

Additionally, 32 new regional offices are being opened across locations, including Shimla, Amritsar, Bareilly, Mau.

Rajkumar Rai G, MD and CEO, said: “With the growth in our footprint following amalgamation, a strategic reorganisation is imperative to best leverage the opportunities ahead, and with this in mind, we are strengthening our pan-India presence to ensure an enhanced focus on business growth and customer service.”

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Published on June 11, 2020
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