United Bank hires IIM-C for medium-term business plan

KOLKATA:
United Depository Financial Institution of Republic Of India have engaged Indian Institute of Management Calcutta (IIM-C)
to pull up a medium term concern program for the bank. "The medium term business
strategy would be for three old age from 2008-11. A few meetings have got taken place
and we anticipate the scheme program very soon from them," UBI president and managing
director Phosphorus Kelvin Gupta said at the launch of United Health Solution in association
with Tata AIG Life Insurance. The program would have got both
quantitative and qualitative aspects. The institute would also pull up strategy
for human resources and accomplishment development. Gupta said the depository financial institution had
projected to duplicate the concern in three years. The depository financial institution hoped to stop the
current financial with a sum concern of Rs 74,000-75,000 crore, representing
over 20 per cent growth. The
treasury addition was expected to be Rs 200 crore and fee-based income of Rs 400
crore. Asked about farm loan
waiver of UBI, Gupta said it was likely to be around Rs 150 crore. The depository financial institution has
reduced involvement on lodging loan by 75 footing points in the first hebdomad of March,
UBI executive manager director Deoxythymidine Monophosphate Meter Bhasin said. Meanwhile, Gupta said the
health coverage solutions from Tata AIG would be available across all branches
of the bank.