Page 24 - BANKING FINANCE APRIL 2017

PRESS RELEASE

MOU between United Bank of India and Bajaj Allianz General

Insurance Company Ltd

United Bank of India extended
insurance service for securing Asset/
Collateral of the Borrower/Customer
charge with the Bank against Loans
and Advances through Corporate
Agency Model under Tie Up
arrangement with Bajaj Allianz
General Insurance Company Ltd. The
tie up arrangement has been
renewed for another 03 years on 08th
March, 2017 at Bank's Head Office.
The MoU signed by Md Abdul Wahid,
General Manager, on behalf of United
Bank of India and Mr T A Ramalingam,
Senior President Channels, on behalf
of Bajaj Allianz General Insurance
Company Limited in the presence of
Mr K V Rama Moorthy and Mr Ashok
Kumar Pradhan, Executive Directors of United Bank of India and other Senior Executives from both the organizations.
Speaking on the occasion Ed Shri K V Rama Moorthy, informed that the Bank has tie up arrangement with the Bajaj
Allianz since 2005 to secure the Asset/Collateral of our Borrower/Customer against various risk. He further informed
that the Bank has tie up arrangement with Life Insurance Corporation of India for providing life coverage of its borrower.

International Training Programme for Overseas Professionals on

"Planning and Management of Urban Services"

HUDCO's HSMI conducted the 35th
International training programme on
"Planning and Management of Urban
Services" from 16th January to 10th March,
2017 attended by 26 participants from 18
countries.
During the valediction on 9th March, 2017,
the participants were felicitated by Dr. M
Ravi Kanth, CMD, HUDCO and Shri Dinkar
Asthana, Joint Secretary, Ministry of External
Affairs. This programme was supported by
MEA under the Indian Technical and
Economic Cooperation (ITEC) and
Special Commonwealth Assistance for Africa
(SCAAP).

24 | 2017 | APRIL | BANKING FINANCE

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