Union Bank of India has bagged pension disbursement mandate from North Delhi Municipal Corporation. The bank has entered into an agreement with North Delhi Municipal Corporation (NDMC) for pension disbursal of their retired employees. A memorandum of understanding was signed at the Civic Centre, the headquarters of NDMC. The agreement will come into effect immediately.
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.