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United Bank of India, SREI Equipment Finance sign pact

07 Jan 2019 Evaluate

United Bank of India and SREI Equipment Finance have signed an agreement for financing the MSME and agriculture sectors.

Under the pact, United Bank of India would leverage its low-cost loans with SREI to enable purchase of equipment and vehicles in a seamless manner.

United Bank of India is one of the 14 major banks, which were nationalized on July 19, 1969. After nationalization, the Bank expanded its branch network in a big way and actively participated in the developmental activities, particularly in the rural and semi-urban areas in conformity with the objectives of nationalization.

Peers
Company Name CMP
State Bank Of India 953.60
PNB 115.60
Bank Of Baroda 228.30
Canara Bank 118.85
Union Bank Of India 172.80
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