As a part of its business process re-engineering initiative with the objective of attaining the number-three slot among public sector banks by the end of 2012, the Union Bank of India, will have separate credit verticals to drive its business.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>It will soon have separate verticals for corporate, small and medium enterprises (SMEs), retail (both resource and retail products) and agriculture credit.
</p><p class='TableClas'>&#34We have decided to have separate verticals for the corporate, SME, retail and agriculture credit for the overall business growth,&#34 said L M V Rao, general manager, Union Bank of India.
</p><p class='TableClas'>Rao said 21 branches of the bank have been identified for high-value corporate credit. These branches will correspond directly with the head office for faster decision making and disbursal of credit. </P></p><p class='TableClas'></p></table>


Union Bank plans separate credit cells

More From This Section

Rating outlook for Mumbai Airport revised to stable

Biggest fall for Re in 3 weeks; may rise from current levels

RBI forecasters cut growth projection for FY13 to 5.5%

ICICI, Axis Bank raise deposit rate ahead of RBI policy

Explore News