Union Bank of India has launched a first-of-its-kind stressed asset recovery automated solution (SARAS) that will help the bank enforce securities, track recoveries and enhance monitoring of stressed assets. The automation will eliminate errors and cut time taken to initiate recovery from months to a few days.
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.
