Friday, 24 March, 2023

Union Bank is developing automated system to deal with stressed assets

<p>Union Bank of India stated that it is developing an automated method for handling stressed assets quickly. The Union SARAS solution will transform all recovery actions through an automated process flow from their inception to their logical conclusion. It will digitize all recovery functional domains, including field-related tasks. UB will make sure that steps are taken to limit the scope of litigation and serve as a guide for the branch in terms of the necessary steps.</p>