Union Bank of India and Indian Industry Association Hold Key Meeting to Boost Industrial Mobility

R. L. Pandey

Lucknow: A significant meeting was organized between officials of the Union Bank of India, Lucknow, and members of the Indian Industry Association to promote mobility in the industrial sector. During this program, Union Bank of India’s General Manager, Rajesh Kumar, provided detailed information about the bank's various schemes and discussed the bank's efforts to provide quick services to the industrial sector.

General Manager Rajesh Kumar stated that Union Bank has introduced several customized products considering its customers' special needs. These include Equipment Finance for purchasing machinery, Ayushman Plus for the healthcare sector, Nari Shakti for women entrepreneurs, Union Solar, and plans for the hospitality sector. Additionally, Union Bank has opened an MSME First Focused Branch and Mid/Large Corporate Branch in Lucknow to ensure easy access to loans for MSME customers. The bank has also established dedicated processing centers for MSME loans to expedite the loan approval process.

Union Bank has also taken steps in the digital product arena and developed a technology-enabled approval (STP) system for loans, enabling customers to apply for loans online and receive quick approvals. The bank also offers digital products such as net banking, mobile banking (Vyom), payment gateways, tax payments, UPI, POS machines, etc.

Indian Industry Association President, Vikas Khatra, emphasized the importance of the MSME sector as a dynamic and vital part of the Indian economy and stated that India is emerging as the fastest-growing economy. He praised the plans of Union Bank and said that the loan facilities provided by the bank play a key role in strengthening the Indian economy.

Indian Industry Association Secretary, Vaibhav Agarwal, appreciated the program organized by the bank and stated that both parties will play an important role together in contributing to the economic progress of the country.

At the end of the program, the Regional Head, Markandey Yadav, thanked all the members of the Indian Industry Association and expressed gratitude for the opportunity to collaborate with Union Bank of India and provide services in the future. He assured the commitment of Union Bank of India towards customer service with full dedication.