ENA State 2020-07-16 06:02:44 <p><strong>Hyderabad, July 16 (KNN)</strong> Union Bank of India (UBI) has inaugurated new units &mdash; SARAL and ULP &mdash; in Secunderabad which will facilitate sanctioning of Micro, Small and Medium Enterprises (MSME) and retail loans respectively.</p> <p>According to a statement, consequent to amalgamation of Union Bank of India, Andhra Bank and Corporation Bank, the bank has rolled out changes in its administrative structure.</p> <p>''The bank has established loan processing centres to facilitate faster lending and reduction in turnaround time,'' the statement added.</p> <p>Recently, the government has approved Rs 3 lakh crore funding for micro, small and medium enterprises (MSMEs). Under this scheme, the government offers a full guarantee and collateral-free loans.</p> <p><iframe frameborder="0" height="500" id="mgiframe" src="//mg.mgid.com/mghtml/framehtml/c/k/n/knnindia.co.in.338951.html" width="100%"></iframe></p> 25436 https://knnindia.co.in/news/newsdetails/state/union-bank-opens-new-loan-processing-center-for-msmes-in-secunderabad 2020-07-16 06:02:44 knnindia.co.in