Union Bank of India has announced carving out a mid-corporate banking vertical from the micro, small and medium enterprises (MSME) banking sector with the aim to give focussed attention to the credit needs of the firms with Rs 100-500 crore turnover.
The restructuring has been done last month and it entailed the transfer of loans up to Rs 15,000 crore to the newly created mid-corporate vertical from the MSME vertical.
Read more at: http://news.indiamart.com/story/union-bank-india-develops-mid-corporate-banking-vertical-msme-vertical-148493.html
The restructuring has been done last month and it entailed the transfer of loans up to Rs 15,000 crore to the newly created mid-corporate vertical from the MSME vertical.
Read more at: http://news.indiamart.com/story/union-bank-india-develops-mid-corporate-banking-vertical-msme-vertical-148493.html
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