Union Bank of India has received an approval for investment by foreign investors in Union Asset Management Company (AMC), which is a wholly owned subsidiary of the bank and asset management company for the Union Mutual Fund. The board of directors of the bank at its meeting held on August 10, 2017 has approved for the same.
Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections. Its segments include treasury operations, corporate & wholesale banking, retail banking and other banking operations.
