Union Bank of India has joined hand Capital India Finance (CIFL) for co- origination of loans for the priority sector. This arrangement would entail joint contribution of credit at the facility level, by both lending partners, i.e. the Union Bank and CIFL. This arrangement will promote increase in the credit off-take in respective market and offer timely delivery of the credit at significantly lower cost.
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.
