United Bank of India has entered into a Memorandum of Understanding (MOU) with National Collateral Management Services (NCML), a renowned company engaged in post-harvest management on March 20, 2013. This MOU is for tie up arrangement towards offering most trusted solution in agribusiness through the development of innovative value added services to the customers, particularly for the farming community across the country.
According to the terms of MOU, the bank will extend finance against warehouse receipts to the eligible farmers, who will be storing their agricultural produces in the warehouses of NCML.
United Bank of India has emerged as a strong and efficient banking organization over the years and plays an integral role in the socio-economic development of the Eastern and North-Eastern States of the country. The bank at present has a strong presence with its total 1678 branches and 800 ATMs spread across the country.
