Skip to main content

Following the coronavirus outbreak, the banking sector has seen a major transformation as they adapted to digitalisation and modified their systems. Discussing how Union Bank of India, 5th largest Public Sector bank in India will boost economy again with new policies and schemes, Field General Manager (FGM) Roop Lal Meena shared the plans of the bank.

Following the coronavirus outbreak, the banking sector has seen a major transformation as they adapted to digitalisation and modified their systems. Discussing how Union Bank of India, 5th largest Public Sector bank in India will boost economy again with new policies and schemes, Field General Manager (FGM) Roop Lal Meena shared the plans of the bank.
What is the bank planning for the coming years to boost economy and banking services?
Meena: Union Bank of India is on a mission to achieve business mix of Rs 17 Trillion (Deposits of Rs 10 Trillion & Advances of Rs 7 Trillion). We are planning to create “Digital Bank’ within Bank as per Vision 2025.
We are working to to build a next generation digitally-enabled Universal bank known for responsive, responsible and inclusive banking through customer centric business models and significant investment in employee development.
How is the bank building ‘Digital Bank’?
Meena: Bank has recently launched MSME STP (Straight through Process) modules, Shishu Mudra STP, MSME Rupay Card & Union Dial.
Further, new as well as existing customers seeking credit facilities upto Rs. 5.00 crore can apply through the Banks link & can receive in-principle approval in 30 minutes.
What are the focus areas of the bank for FY 2022-23?
Meena: We are focusing on growth of our MSME portfolio through extending credit to MSMEs including Mudra loans.
Bank has also extended Mudra Credit through PMSvanidhi scheme of Government of India, financing to MSMEs under Stand Up India, PMEGP scheme etc for employment generation.
Our bank has utilized the portal and extended credit through unified portal Jansamarth Portal as well.
What is your plan to promote MSME?
Meena: We have introduced a digital & data-driven customer acquisition channel “UNION DIAL”. UNION DIAL is digitally-enabled doorstep facilitation for initiation of retail and MSME loans. Customers will have the facility to register loan requests through digitally-enabled channels.

Comments

Post a Comment

Popular posts from this blog

Jharneshwar Mahadev in Madhya Pradesh: a nature escape from urban jungle

Life is too short, unpredictable and an adventure if lived to the fullest. Learning the essential value of life and deciding to seek adventures in life, several groups are now connecting to nature and seeking spiritual growth. Leading a group of adventure seekers to less-known wonders of Indore, Gyandeep Srivastava, administrator of Rides of Riders group unravelled a new getaway. The group went on a long ride exploring the rural areas of the city. In their bid to seek adventure, the group came across an ancient temple ‘Jharneshwar Mahadev’ which dazzles visitors with nature, beauty and wonder. The temple is situated in Shajapur, about 230 kilometres from Indore. The waterfall of Bhadooh (Jharneshwar Mahadev), a famous tourist place falling under the Quartak Panchayat, about 30 km from Manasa in Neemuch district. After monsoons, the waterfall attracts tourists from all over state to witness the 100 feet high waterfall. There were 25 riders in the adventure trip including female rider I...
Post a Comment
Read more

Before Pentecost, Christian community helps underprivileged families with ration

Prior to Pentecost, Christian community is following the lessons taught by Jesus Christ and helping those in need. In their drive to help underprivileged families, Christian volunteers forming a group are providing ration packets to them. Christian holiday of Pentecost, which is celebrated the 49th day (the seventh Sunday) after Easter Sunday, will be celebrated on May 31 this year. The holiday commemorates the descent of the Holy Spirit upon the Apostles and other followers of Jesus Christ. Under the drive, ration packets are given to 200 to 250 people on a regular basis. “Christ was the ultimate social worker. Not only could he find housing for people, or give them free food,” Ashutosh Joseph, a volunteer said. He cited that in the Bible, God's call to His followers to care for other human beings is clear (Philippians 2:4; 1 John 3:17-18; Proverbs 19:17 New International Version). “In fact, Jesus states that one of the most important commandments is ‘love your neighbour...
Read more

What are the precautions for prevention of corona virus? Special instructions for School Students

School Education Department issued an advisory to all the school heads and officers regarding precautions to be taken against the deadly novel coronavirus to prevent the spread of infection among school children. The advisory was sent out at the direction of Ministry of Health and Family Welfare, Government of India with a photocopy of the letter attached. The department in its advisory stated that the world is fighting against the rapid spread of coronavirus (COVID-19). In India, too, the number of cases identified has increased in the last few days. As the school going children are also susceptible to infection and this is a crucial time for children given the end of the academic year and examination, it calls for immediate measures minimizing the effects of the epidemic. In the advisory, the department advised the schools to avoid any large gatherings of students during the course of the day in school. Any student or staff with travel history to any COVID-19 affected countr...
Post a Comment
Read more