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These powers are revised periodically, depending upon the organization's requirement and statutory / regulatory guidelines issued by Government / RBI from time to time. The delegation of financial, administrative and other powers to Branch Heads / Committees are decided by the Board of Directors of the Bank and in terms of Service Regulations and Memorandum of Understanding/agreements with majority Unions. The Committees established at different levels (including Committee of Board) also have certain discretionary lending and administrative powers depending on the committee's level in the organizational structure. Central Office / Field General Manager Office / Regional Office, the Loaning Powers vested in individual capacities at CO / FGMO / RO cease to exist. Consequent upon formation of Credit Approval Committees at various levels i.e. The powers and duties of officers and employees are decided by the Board of Directors and in terms of Service Regulations and Memorandum of Understanding/agreements with majority UnionsĪll the officers from JMGS to DGM grade of the Bank heading branches are vested with certain financial powers and administrative powers depending upon their positions. The powers and duties of its officers and employees

Union Bank is in the Banking business and does functions stated under Banking Regulation Act, 1949 and perform functions as permitted by RBI. Bank is having 54 Regional Offices and more than 3175 branches through out India. Union Bank has its Corporate Office at Mumbai. The particulars of its organization, functions and duties