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.
