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Old June 29th, 2017, 01:26 PM
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Join Date: Dec 2012
Default Re: Union Bank of India Financial Inclusion

As you want to know about Financial Inclusion of Union Bank of India, so I am giving following information:

Union Bank of India Financial Inclusion Details

PRODUCTS & SERVICES
Savings accounts requiring minimum documentation

Adoption of villages

Bank’s Financial Inclusion Plan 2013-16

Achievements in Financial Inclusion (March 2015)

FINANCIAL INCLUSION
Financial inclusion is the process of ensuring fair, timely and adequate access to financial services.

These services are saving, credit, payment and remittance facilities, and insurance services at an affordable cost in a fair and transparent manner by the mainstream institutional players.

The Union Bank believe that providing banking services to the poor is a viable business opportunity if the cost of serving the poor is reduced through a mix of innovative delivery models.

These are one of the few banks where the Financial Inclusion Plan has been integrated with the normal Business Plan of the bank for the past 5-6 years.
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