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Union Bank of India unveils loan scheme for start-ups: Report

18 Nov 2016 Evaluate

Union Bank of India, one of the leading public sector banks of India, has reportedly unveiled a loan product to support and promote start-ups. Under this scheme, the bank will provide working capital and term loan finance up to Rs 5 crore at low interest rates and no processing fee.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections. Its segments include treasury operations, corporate & wholesale banking, retail banking and other banking operations.

Peers
Company Name CMP
State Bank Of India 961.70
PNB 116.10
Bank Of Baroda 230.00
Canara Bank 118.60
Union Bank Of India 172.00
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