Covid-19 disruption an opportunity for firms to re-strategise: UBI chief

Rajkiran Rai G said digital is going to be a big wave for both banks and businesses following the coronavirus pandemic

The disruptions caused by the Covid-19 crisis also present an opportunity for businesses to re-strategise and re-invent themselves, Union Bank of India MD and CEO Rajkiran Rai G said. The banking industry is always there to support businesses but they will also have to innovate and look beyond convention, he said at a webinar organised by the PHD Chamber of Commerce and Industry on Friday.

"The current disruption is an opportunity to re-strategise and re-invent. See for new geographies to serve, you can launch new products, see for strategic tie-ups wherever possible," he said.

The Union Bank chief also said