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Union Bank of India regional office inaugurated
Union Bank of India regional office inaugurated. The banking sector in the country has an opportunity for good growth despite of global economy crisis, observed chairman and managing director Union Bank of India, Arun Tiwari.
The banking sector in the country has an opportunity for good growth despite of global economy crisis, observed chairman and managing director Union Bank of India, Arun Tiwari. Inaugurating the Union bank regional office, on Monday, the bank chairman said that they are giving priority for retail banking, agricultural sector, MSME as risk factors were less.
He said that the bank is marching forward with a motto on human capital, digital platform and risk management to achieve good growth. “We have a business of Rs 5,82,817 crore with deposits of Rs 3,27,264 crore and advances of Rs 2,55,553 crore,” he said. He said that Union bank is first amongst large public sector banks which implemented cent per cent core banking solution (CBS).
Coming to Vijayawada region comprising of Krishna, Guntur, West Godavari and Kurnool the bank has 57 branches and 71 ATMs and the business stands at Rs 4398 crore. The bank chairman said that they sanctioned input loans to tobacco growers, poultry farmers, cotton ginners and traders as soft loans.
In addition, he informed, the bank provided amenities in various schools in the district as per the Corporate Social Responsibility (CSR). “Each rural bank branch has to educate five girls from class 6 to 12 under CSR programme,” he concluded.
