Kolkata, December 5, 2010 (Calcutta Tube/IBNS) Public sector bank United Bank of India (UBI) signed Memorandum of Understanding (MoU) with automobile major Tata Motors Limited for financing its commercial vehicles.
The MOU was signed by UBI General Manger Pranab Roy and Habib Saleh, Regional Manager, Eastern Region, Tata Motors Ltd. in presence of Bhaskar Sen , Chairman and Managing Director and S.L. Bansal, Executive Director of the Bank, in Kolkata.
Speaking on the occasion, Sen expressed hope that the MOU will be mutually beneficial for both the parties and it will further strengthen the relationship of United Bank of India with Tata Group of companies.
Meanwhile, Saleh informed that they are laying more focus in Eastern and north Eastern states where United Bank of India have extensive network.