Union Bank Great Lakes Centre for Banking Excellence and a Faculty Chair as part of this Centre were created at Great Lakes Institute of Management, Chennai. Union Bank of India would create a corpus to support the activities and initiatives of the newly created Centre of Excellence.
The Center would be headed by an eminent and distinguished full-time Professor, who will occupy the Chair created, and will lead the Research and Learning programme initiatives in the Banking, Financial Services & Insurance Industries. In addition to the Chair Professor & the team, the Center will have a panel of eminent industry leaders from the likes of Mr. Y.V. Reddy (Governor, Reserve bank of India), Mr. Vagul (ex CMD ICICI), Dr. S Narayanan IAS (former Economic Advisor, PMO), Mr. Deepak Parekh (Chairman HDFC & IDFC), Dr. Omkar Goswamy (founder, CERG), Dr. Shyam Sunder (Yale University), Dr. Raghuram Rajan (University of Chicago) etc., in the form of an Advisory Council, which will don the guiding, coaching and mentoring roles in the endeavors of the Center.