NEWS & ADVICE : FIXED DEPOSITS
UBI initiates financial inclusion move ‘Unioninclusions'
By Neelima Shankar
May 23, 2011
Print    Email    RSS   

Public sector lender Union Bank of India has introduced a new financial inclusion plan called 'Unioninclusions.' The plan comes as a package of five schemes.

The scheme was inaugurated by Finance minister Mr Pranab Mukherjee. Mukherjee said that all banks should come up with technological innovations in order to increase penetration in rural areas.

The schemes under 'Unioninclusions' consist of setting up of 11 special branches targetted solely towards financial inclusion in six states along with offering biometric cards for remittance facility to migrant workers, reaching out to far flung and remote villages in Orissa through mobile van, launching a comic series aiming to spread financial literacy amongst rural households as well as solar power of Union Adarsh Gram.

Speaking on the event, Mr M. V. Nair, Chairman and Managing Director, Union Bank said that the branch network of the bank is aimed to be crossing the 30,000 mark this fiscal.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Regular fixed deposits in India: Great way...
An Overview of Wealth Management Services...
Carnival of Indian Personal Finance Blogs #4
Medical Insurance: Save tax along with health
J&K Bank raises PLR


MEXING: CaℒL Giℛℒ In Hoshiarpur 09855660911...
Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive