Union Bank of India to conduct Digital Conclave at Mumbai

The Union Bank of India is going to conduct its maiden Digital Conclave on April 6, 2022 to mark its foray into creating a Digital Bank within Bank.

During the Conclave, the name of the Future Digital ready transformation project will be unveiled. As a part of the project, the Bank is planning to launch a super App and the name of this app will also be unveiled in the said Conclave. As a prelude to this digital transformation project, following digital products will also be launched:

Pre-approved Personal Loan (PAPL), Union Cash (Pensioner loan), Shishu Mudra Loan, MSME Loan-Auto-renewal, Agri loan (KCC)- Auto-renewal, CRM, Soft POS, Branch Token, Mobile App based Deposit module.

The USP of these Digital products are end to end Straight Through Processing (STP), Mobile First, Customer Centricity, enhanced operational efficiency, reduced Turn Around Time (TAT), minimal clicks with no Branch visits, etc. The main thrust through these digital initiatives is to empower Customers with Smarter Ways of doing Banking across all segments. It will also enable the setting up of strong digital ecosystem in line with the EASE Reform agenda.

Shares of Union Bank of India was last trading in BSE at Rs. 43.45 as compared to the previous close of Rs. 41.70. The total number of shares traded during the day was 1660713 in over 3502 trades.

The stock hit an intraday high of Rs. 43.70 and intraday low of 41.70. The net turnover during the day was Rs. 71068382.00.

Source : Equity Bulls

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UnionBankofIndia INE692A01016 DigitalConclave DigitalBank