In addition bank also provides fee-based services including distribution of third party products. Union Bank of India's banking operations for corporate and commercial customers include a range of products and services for large corporate customers as well as for small and medium-sized businesses.

Loan products include term loans for project Funding, including the creation or improvement of assets, as well as short-term loans, cash credit, export credit and other working capital financing and industry and trade related products. Bank also provides credit substitutes such as letters of credit and guarantees. In addition, bank provides fee-based products and services such as cash management services.As part of corporate banking business, bank provides financial services to Small and Medium Enterprises (SMEs) and Small Scale Industries (SSIs). Products for these sectors are intended to facilitate the establishment, expansion and modernization of businesses, including the acquisition of fixed assets, plant and machinery and meeting working capital needs. Bank generally stipulates flexible security requirements to SME and SSI borrowers to help make credit more accessible to them.

Bank's retail banking business provides financial products and services to retail customers. It provides to its customers housing, retail trade, automobile, consumer, education and other personal loans and deposit services, such as demand, savings and fixed deposits. In addition, distribute products such as global debit cards and global credit cards. It provides utility services such as bill payment; distribute third-party products, including mutual fund products and general and life insurance policies.It maintained its focus on addressing the needs of agricultural customers and offer specialized products and services to the agricultural sector.

Union Bank of India offer direct financing to farmers for production and investment, as well as indirect financing for infrastructure development and credit to suppliers of agricultural inputs. Corporate Vision: "To become the bank of first choice in our chosen area by building beneficial and lasting relationship with customers through a process of continuous improvement."Corporate Mission: 1. A logical extension of the Vision Statement is the Mission of the Bank, which is to gain market recognition in the chosen areas.

 2. To build a sizeable market shares in each of the chosen areas of business through effective strategies in terms of pricing, product packaging and promoting the product in the market. 3. To facilitate a process of restructuring of branches to support a greater efficiency in the retail banking field. 4.

To sustain the mission objective through harnessing technology driven banking and delivery channels. 5. To promote confidence and commitment among the staff members, to address the expectations of the customers efficiently and handle technology banking with ease.Access to UBIThe Union Bank of India has 2558 branches, which are under CBS. Presently 1790 ATMs spread out across India both Onsite and Offsite. All the ATMs are inter-connected through the Bank's ATM Switch, thus facilitating on-line operations in case of CBS customers.

The Bank is a member of Cash Tree consortium and also has bilateral arrangement with State Bank of India, enabling the Bank's ATM cardholder access to over 20000 ATMs across the country. UBI Net connects 65 Offices and 984 branches located in 323 centers, facilitating speedier transmission of MIS data (Network Map). The network also facilitates the implementation of Core Banking Solution, apart from DEMAT services, Cash Management services, fund transfers, messaging system, etc.Introduction to Treasury Department Treasury management refers to fund and revenue at the disposal of the bank and day-to-day management of the same.

The treasury acts as the custodian of cash and other liquid assets. The art of management within the acceptable level of risk, the consolidated funds of bank optimally and profitably. Treasury is a platform for generating bulk of banks non-interest income by way of dealing in different financial instruments. Besides this treasury plays a significant role in complying with various regulatory and statutory requirements, managing the liquidity, deploying the resources in different time horizons, maximizing the yields and realigning its assets structure in accordance with its ALM requirements.The treasury operates in a fast changing and innovative market scenario, with frequent emergence of complex financial products and services.

New products and services are generally followed by changes in the regulatory requirements. Treasury operates in an integrated environment with simultaneous access to money market, debt market, capital market, forex market & derivatives market. The treasury policy of the bank lays down the scope and framework of various activities, which the treasury undertakes. The policy is updated and reviewed by the board every year.