Visakhapatnam, November 10, 2006
Speedier and faster cheque collections for customers
The Bank of India (BOI) and the Union Bank of India (UBI) joined hands with Infrastructure Development Finance Company Limited for loan syndication according to a press release issued.
This is the first time that two public sector banks entered into a formal arrangement to pool their skills to offer single window solutions. The tie-up will facilitate join identification, marketing, appraisal and underwriting of project finance. Among them, Cash Management Services that enables them to offer speedier and much efficient cheque collection facilities to their customers.
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