The Hindu Business Line : United Bank ties up with KVIB

United Bank of India (UBI) and Khadi & Village Industries Board (KVIB) signed an MoU here on Thursday for collection of registration fees and distribution margin money, according to a press release issued by the bank. With the signing of the MoU, it should now be possible for the West Bengal unit of KVIB to transfer funds quickly through UBI’s 705 branches and another 547 branches of Bangiya Gramin Vikas Bank in the State. UBI, it might be noted, is the lead bank in 10 districts and the convenor of State Level Bankers’ Committee in West Bengal. It is also forerunner in lending through Rural Employment Guarantee Programme in partnership with KVIB in eastern and north eastern regions. Mr Manab Mukherjee, West Bengal Minister for Micro and Small Enterprises, Dr Prabir Banerjee, CEO, WBKVIB, and Mr P.K. Gupta, CMD of United Bank, among others, were present at the time of the signing of the MoU, the press release adds.

— Our Bureau

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