Welcome to Union Bank of India (UK) Ltd
Please Note ** “The interest rates offered to the Fixed Rate Deposit Scheme has been revised from Dt. 09th November 2021, kindly verify the latest interest rates before submitting the application” **For Any further information please contact us at +44 20 7332 4250. or You may click on the interest rate segment in the website for the detail.

About us

Union Bank of India (UK) Ltd is a wholly owned subsidiary of Union Bank of India, one of the largest & leading Public Sector Bank in India.

Union Bank of India (UK) Ltd is registered in England and Wales in the year 2011 under registered company number 07653660, with its registered office at Senator House, 85 Queen Victoria Street, London, EC4V 4AB. Union Bank of India (UK) Ltd has been authorised by the Prudential Regulation Authority (PRA) and regulated by the Prudential Regulation Authority and the Financial Conduct Authority (FCA). The Bank is registered in FCA register in the year 2013 with financial services register number 601551. Your deposits with Union Bank of India (UK) Ltd are protected up to £85,000 per eligible person for single accounts and up to £170,000 for joint accounts by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. For further information please visit Bank & savings protection checker | Check your money is protected | FSCS.

The Parent Bank (Union Bank of India) was established in the year 1919 and has its registered headquarters at Mumbai, India. The Government of India (GOI) holds more than 80 (%) percent share in the Parent Bank. Initiating major reforms in Public Sector Banks (PSBs) in India, a mega amalgamation exercise was taken up in financial year 2019-20. As a result of which, post amalgamation of Parent Bank, it became 5th largest PSB in India with more than 9500 Branches, 13300 plus ATMs, an employee strength of over 75000 and customer base of over 120 million.

Parent Bank has its presence in the world's major financial centres of Hongkong, Dubai, and Sydney, as well as representative office at Abu Dhabi, banking joint venture in Malaysia and a wholly owned subsidiary in London, UK. The Parent Bank is building value in international markets by meeting the banking requirement of corporate, cross-border lending and trade finance.

 

Mr. Rajkiran Rai G.

Chairman

Mr. Rajkiran Rai G. is Chairman of the Bank since November, 2017 and Managing Director & CEO of Union Bank of India since July, 2017.

Mr. Rai has more than three decades of rich banking experience which includes heading Industrial Finance Branch, Regional offices and Zonal Offices. He started his banking career in 1986 as an Agricultural Finance Officer in Central Bank of India, has the rich experience of heading various branches at different parts of the country for more than 17 years. On his elevation as General Manager, he was given the responsibility of heading Human resource Development Department. He was the Field General Manager of Mumbai Zone of Central Bank of India, when he was elevated to the post of Executive Director of Oriental Bank of Commerce.

He holds Chairmanship in many organisations some of which are Indian Bank's Association (IBA), Union Asset Management Company and Star Union Dai-Ichi Life Insurance Company Limited, etc. and Director on the Board of EXIM Bank and Oriental Insurance Company Limited. Earlier, he also served on the Board of Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.

Mr. Rai is an agricultural science graduate and also a certified member of Indian Institute of Bankers. He has been conferred Honorary Fellowship by Indian Institute of Banking & Finance (IIBF) in recognition of his valuable contribution in the field of banking and finance.

 

Mr Kalyan Varma

Managing Director & Chief Executive Officer

Mr Kalyan Varma, Managing Director & Chief Executive Officer at Union Bank of India (UK) Ltd since August, 2021 is a seasoned banker with rich banking experience. In more than one decade of industry know-how, his range of experiences span from application of operational aspects of conventions at grassroot, to administering and formulating policy blueprints at the executive stratum. He has grown through assuming responsibilities across the spectrum in business development and leadership. From handling key strategic assignments, industry-proficiency and competence. His industrial journey includes a range of responsibilities in Bank's business development, starting from being a Credit Officer to heading large Branches in India. Mr. Varma's demonstrated expertise in the field is coupled with his excellency in administrative roles with the Parent Bank as well as UK-subsidiary. His latest assignment with the parent Bank was to lead the Stressed Asset Resolution Team at Corporate Office, (Mumbai), in the capacity of Assistant General Manager.
A post graduate in science, and a Certified Associate of Indian Institute of Bankers (CAIIB), Mr. Varma has also completed 'Role of Director' from Institute of Directors in UK.

 

Dr Anand Kumar

Non - Executive Director (NED)

Dr Anand Kumar, Non-Executive Director of Union Bank of India (UK) Ltd. since July 2020. Previously Dr Kumar is associated with the Bank as ED & Deputy CEO since July 2013. He is a senior banker with over three decades of banking experience in India, Singapore and UK environments. Prior to joining Union bank of India (UK) Ltd he had served Bank of Baroda UK as their Retail Banking and Strategic Initiatives Head and earlier as the Retail banking head at ICICI Bank (UK) Plc. He is credited with rolling out retail banking products such as e-banking, debit cards and online bonds in both the banks. Dr Kumar is a keen learner always updating himself of the developments. Earlier he had served ICICI bank in India as Regional Head, Chandigarh and Zonal head, Kolkata. He has also served as Head-ICICI Lombard General Insurance (Services) Company Limited in London, UK.
Dr Kumar is also now appointed as one of the directors at Associations of Foreign Bankers (AFB) of London, UK.
Dr Kumar is well qualified with an MBA, LLB and PhD, he is a fellow of the Chartered Institute of Security & Investments, UK and an ICA certified Compliance awareness course and has been trained at Manchester Business School, Manchester UK on Managing Financial services and 'Role of a Director' course with the Institute of Directors, UK.

 

Mr. Patrick Quinn

Independent Non - Executive Director (INED)

Mr. Patrick Quinn, Independent Non-Executive Director at Union Bank of India (UK) Ltd, since June 2013 is a widely experienced international banker with over four decades of experience at senior level in investment and commercial banks. He is at the Board of Union Bank of India (UK) Ltd since last 9 years, also he has been in the Board of an another International bank in the UK as a Non-executive director for over 22 years and had served earlier as an executive director on the Board of Yamaichi Bank (UK) Ltd, a Japanese bank. He also has experience of having served in various geographies including Hong Kong and USA. During his career he has had a strong record of business development, credit, administration and operations. Mr Quinn chairs the Risk and Compliance committee of the Board.
Mr Quinn is an Associate member of the Chartered Institute of Bankers and an Associate member of the British Institute of Management.

 

Mr. John Kerr

Independent Non - Executive Director (INED)

Mr. John Kerr, Independent Non-Executive Director at Union Bank of India (UK) Ltd, since November 2013 is a highly experienced adaptable senior banker with exceptional compliance, Risk Management and Audit skills. In his long banking career, he has served many international banks operating in the UK mainly as the head of their audit and compliance functions. His most recent stint was as Head of Internal Audit and Compliance at ICBC (London) Plc. from 2003 till February 2014 and had held the CF10 and CF11 (compliance and MLRO) for the Bank. Prior to this he was Internal Auditor and Compliance in charge at Qatar National Bank, London Branch- 2001-03; Internal Audit Manager at Bank Handlowy Warszawie S.A, London Branch - 1998-2001; and earlier with the Midland Bank plc/ HSBC group in various positions between 1970 to 1998. Mr Kerr heads the Audit Committee of the Board.
Mr Kerr is a BA honours graduate and MBA. He is also a member of the Chartered Institute of Management.

 

Mr. Manas Ranjan Biswal

Nominee Director

Mr Manas Ranjan Biswal, Nominee Director at Union Bank of India (UK) Ltd, since May, 2019. Mr. Biswal assumed the charge as Executive Director (ED) of Union Bank of India (Parent Bank) on March, 2019.
Mr. Biswal joined Punjab National Bank (PNB) in 1985 as a Management Trainee and prior to his elevation as Executive Director of Union Bank of India, he was appointed as General Manager at the Corporate Office of the PNB. At Corporate level, he has headed the Credit Monitoring and Review Division, Recovery Division, Resolution and NCLT Division.
Mr. Biswal is a seasoned banker with over more than 3 decades of rich banking experience in various administrative and functional capacities at Branches, Regional Offices, Zonal Offices and Corporate Office Level. He has also worked for more than 3 years as CEO of a leading India PSB's Dubai Branch and Middle East operations and as Zonal Head of its Eastern Zone.
Mr. Biswal is a graduate in science and a Certified Associate of Indian Institute of Bankers (CAIIB).

We are here to help you

Union Bank of India (UK) Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority
Cookie settings