Union Bank of India Chairman cum Managing Director Arun Tiwari on Saturday said that the State has huge potential to develop alongwith establishment of several industrial institutions due to availability of abundant minerals. The CMD stressed on the need of setting up of new branches and ATMs across the State. He also asked to increase the CD ratio to 40 per cent in the State.
Earlier, Union Minister of State for Civil Aviation Jayant Sinha alongwith CMD Arun Tiwari inaugurated the UBI General Manager’s office near Argora Chowk here on Saturday. A loan mela was also organised at Shyamali Colony, MECON under PradhanMantri MUDRA Yojna.
Regional General Manager, Ranchi, GR Padalkar welcomed the Chief Guest Jayant Sinha and CMD Arun Tiwari alongwith RBI Regional Director cum CGM Patric Barla on the occasion. Zonal Head of UBI, Ranchi delivered the vote of thanks, while Dr Vijay Pandey compeered the programme.
Addressing the gathering, Sinha praised the efforts of Union Bank in development of the State and congratulated the bank for setting up a regional office in Ranchi. He expressed hope that the bank will help in implementing the welfare schemes of government effectively.
Notably, hundreds of women beneficiaries of Self Help Groups and customers were given loans under various schemes including PM MUDRA Yojna, Startup India etc. The Union Minister and CMD handed over loan agreement papers and vehicles’ papers to the beneficiaries.
Regional Manager, Kolkata, Avinash Kumar Singh; Regional Head, Patna, Jagmohan Singh; regional Head, Ranchi, Ankesh Jain; Regional Head, Samastipur, Mahendra Kumar Shrivastava; Regional Head, Bhubaneswar; Regional Head, Sambalpur alongwith several senior officials and staffs were present on the occasion.