Arun Jaitley calls for Banks to do their contributions

Sekar Chandra
The country’s Union Finance Minister Shri Arun Jaitley have said that the banks have to play a crucial role to achieve the highest growth rate in India and he has told that the banks will be given sufficient amount to recapitalize them.

The Finance Minister was addressing after inaugurating the Sydney Branch of the Union Bank of India in Sydney, Australia. Presently the Finance Minister is on a four day official trip to Australia and has arrived in Sydney. The inauguration was made by the Finance Minister, Arun Jaitley in the presence of the High Commissioner of India in Australia.

The Union Bank of India is the fifth largest Nationalized Bank in India and it was started in the year 1919and the bank’s business has grown considerably to a business volume of Rs.5,89,889.00. The Union Bank of India offers products and services for Retail, Agriculture, MSME, large corporate and NRI consumers through 4153 branches and 6,999 ATM’s which is operating in 9 languages and in alternative channels like internet banking and mobile banking.

The Union Bank has recently catapulted Mobile Wallet Digipurse with benefits such as bill payment, DTH recharge, online shopping through virtual card and fund transfer facilities through IMPS and in addition to catapulting of union Selfie and online account. These features add to the comprehensive digital offerings through various channels.

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