Dec27
UBI to disburse Rs 6000 crore to retail business
on December 27th, 2007 at 8:06 amPosted In: News & Articles
The public sector lender Uni0n Bank of India (UBI) is planning to disburse approximately Rs 6000 crore per annum through 32 special retail asset branches to increase its retail business.
The branches would be established across the country in the next one-year and each branch would have a disbursement target of Rs10-15 crore per month.
The bank would also set up 12 small and medium enterprise (SME) ‘saral’ centres with a monthly disbursement target of Rs 10 crore. The bank is betting big on the SME segment and expects a 35 – 40 per cent growth in this segment.
