UBI to train Pakistani bankers

Bangalore, Mar 2: In a first major Indo-Pak banking initiative, the Union Bank of India (UBI) will conduct training programmes in Karachi.

Disclosing this to newspersons here today, UBI Chairman and Managing Director K Cherian Verghese said the bank had received the Union Government's permission to conduct a training programme for the Bankers Development Institute in Karachi. The Bank had already trained officers from Vietnam and Bangladesh.

With a total business of over Rs 120,000 crore, the bank had got permission from the Reserve Bank of India to start representative offices at Shanghai, Dubai and Doha.

Recognised as one of the best among its peer banks for management training, the bank today established the Union Bank Management School at its campus near Bannerghatta on the outskirts of the city.

The first of its kind in the banking sector, the School would conduct a management education programme for its officers initially and later to other banks.

Mr Verghese said the School was conceived to identify and develop leadership within the bank. It would offer a fulltime one-year management education programme on the lines of the MBA programme of prestigious management institutes. The first programme commenced today for 30 officers.

UNI