20 Sep Union bank of India announces digitalization of Kisan credit card
Mumbai, September 19, 2022: Union Bank of India today, announced an Industry-first, farmer-focused end-to-end digitalization of Kisan Credit Card product as part of flagship Digital Transformation project ‘Sambhav’. The product aims to digitalize KCC lending process, making it more efficient and farmer friendly. Digitalization of Kisan Credit Card is a Fintech initiative of Union Bank of India in collaboration with Reserve Bank Innovation Hub (RBIH) under guidance of Reserve Bank of India (RBI), aimed at overcoming the challenges faced by farmers like in-person visit to a bank branch, submission of land ownership and other documents, and high turn -around time in getting the KCC. Launched by Ms. A Manimekhalai, MD & CEO, Union Bank of India in Harda District...