UBI gears up for slapping more winding up notices against four firms

After the winding up notice to REI Agro for defaulting on Rs 224 crore in payments, United Bank of India is poised to take similar action against four more such firms, an official of the bank said."At today's meeting, it has been decided to slap winding up notices against four more firms where the total defaulting amount is around Rs 300 crore," the official told PTI.He said the bank is also seeking change in the management of these companies.UBI executive director Sanjay Arya said the bank resorts to such action only after all the avenues...

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State Bank of India opens Retail Assets and Small and Medium Enterprises City Credit Center in Shillong

State Bank of India Deputy Managing Director (Operations) P K Malhotra today inaugurated Retail Assets and Small and Medium Enterprises City Credit Center (RASMECCC) and felicitated top ranked students in the city.The RASMECCC is a is a specialized loan processing, sanctioning and maintenance hub, which deals with the Personal and SME loans of 21 city based branches, handling more than 20000 loan accounts including big branches in the state. The centralization of loan processing, sanctioning and maintenance enables the bank to give better customer...

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