Union Bank of India (UBI), one of the largest public sector banks of India, has unveiled e-SBTR (Electronic Secured Bank Treasury Receipt), a facility for a single window payment facility of both stamp duty and registration fee for home purchase in Maharashtra. The facility allows payments without any ceiling and is available 24X7 through the year through internet banking.The facility, makes it possible to do the necessary paper work and formalities on line and get the endorsement of the final document at the branch level at one go. The new facility will be available at all its 500 branches of the bank in the state as well through internet banking.
The bank has posted a fall of 78.34% in its net profit after tax at Rs 96.12 crore for the quarter ended March 31, 2016 as compared to Rs 443.77 crore for the same quarter in the previous year. Total income of the bank has decreased by 5.32% at Rs 8884.41 crore for quarter under review as compared to Rs 9383.71 crore for the quarter ended March 31, 2015.
