United Bank takes new credit delivery initiatives
Kolkata: United Bank of India, has unveiled a set of initiatives aimed at better interaction with borrowers.
A general manager has been delegated to handle a special cell (called `corporate business group') for very large proposals. The bank has also fixed specific time limits for the disposal of credit applications.

A branch manager, for instance, would need to take a decision and submit complete information within 10 days, while a regional manager would have to do the same within seven days (from the date of receipt from the branch concerned). And at the head office level, a General Manager or an Executive Director would be required to take decisions within three days.
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Dena Bank: Finmarts are the new mantra
Mumbai: Dena Bank has announced it will develop a number of 'Finmarts' in its branches during the next few months of the current financial year. Around 40 such 'Finmarts' will be set-up to boost the bank's retail loan business, and will function, as a 'branch within a branch'. A group of bank employees would be specially trained to operate these new outlets. Dena Bank has set a target to double its retail loan portfolio from Rs 699 crore in FY-04 to Rs 1,425 crore in the current financial year.
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