Hotline: 1800 102 2007
X
Search Business Opportunities
2014-07-03

Will focus on lending to retail, agriculture, MSME sectors: Union Bank

The Union Bank of India has announced that it would strengthen its loan portfolio under retail, agriculture and MSME (micro, small & medium enterprises) sectors in 2014-15.

The Union Bank of India has announced that it would strengthen its loan portfolio under retail, agriculture and MSME (micro, small & medium enterprises) sectors in 2014-15.

 

Arun Tiwari, CMD, Union Bank of India, said, "Our focus for this year will be on the RAM (retail, agriculture and MSME) sectors. Most of the large projects are stalled and these projects do not need money now." However, he believe that the projects cleared by the last Centre Government to go on stream by Q3 (October-December), reviving demand for industrial credit.

 

He further said that at present, there are three sectors – retail, agriculture and MSME where growth on advances is consistent. The PSU bank has registered a year-on-year growth of 21 per cent in priority sector advances including 23.52 per cent growth in the agriculture sector and 21.55 per cent growth in MSME advances. The bank has clocked a growth of 27.61 per cent in retail sector advances. The bank's total business stood at Rs 5.32 lakh crore (as on March 31, 2014) with deposits of Rs 2.97 lakh crore and advances worth Rs 2.34 lakh crore.

Related opportunities
  • Bars, Pubs & Lounge
    About Us: A multi-award winning, trendy resto-bar by Rachel Goenka, located..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Pizza BoxPizza box is located in Vile Parle East..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 200 - 450 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Payment Solution services
    About Us: Mswipe Technologies Private Limited is engaged in the business..
    Locations looking for expansion Maharashtra
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Mumbai Maharashtra
  • About Us: Founded in the year 2001-2002, ITEM Secure Pvt. Ltd...
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts