Union Bank of India has announced its partnership with JCB India to extend Equipment Finance to its customers. Under the partnership, both the entities have mutually agreed to pool their resources together and be associated with each other for mutual benefits.
The MoU was signed in Mumbai by C M Minocha, Chief General Manager, MSME, Union Bank of India and Anuj Tomar, Associate Vice President and Head – Retail Finance, JCB India, a press release from Union Bank of India, stated.
Minocha said, “Equipment Financing to our existing and new customers is identified as a ‘niche product for market leadership’ by Union Bank of India.”