The proposed amalgamation of Union Financial institution of India, Andhra Financial institution and Company Financial institution is progressing as per anticipated timelines. All the required preparation to work as an Amalgamated Entity is in place. All of the three nice establishments coming collectively have a robust legacy, distinctive strengths with enhanced pan India presence which makes the Amalgamated Entity because the 4th largest public sector financial institution in banking community with a ramification of 9600+ branches and 12000+ ATMs.
Buyer Centricity is the important thing by bringing within the Finest in Class services and products at decreased prices to all its prospects. Our sole goal is to reap the advantages of amalgamation like wider community, harmonized services and products, enhanced capital base and elevated economies of scale with clean transition and minimal disruption to prospects. In an effort to allow prospects of any of the three banks to conduct operations Interoperability has been constructed by means of a selected software Mobi-Teller is being applied. Clients will now be capable of conduct primary transactions like money deposit/withdrawal, stability inquiry and many others. from any department of the opposite two banks as nicely.
Within the wake of COVID 19 outbreak financial institution has targeted on leveraging its expertise instruments requesting the purchasers to remain protected and have protected banking. Digital Banking platforms are utilized for operations to reduce bodily contact factors with increased concentrate on e-banking and digital channels to mitigate the chance of contact. All options can be found on net-banking and cell banking portals with zero disruption because of amalgamation; because the account numbers, MICR Codes, IFSC Codes, cheque books, the cell apps, portals, usernames, passwords and many others. all stay the identical.
Additionally a devoted Name Middle throughout three banks with Toll Free Numbers together with fast response workforce & assist desk for workers and prospects fashioned at varied administrative places of work arrange for well timed decision to queries. Financial institution has activated all responsive & pro-active social media channels with FAQs masking all subjects hosted on our web site.
The present amalgamation will open up avenues for patrons to learn from its capabilities to supply enhanced credit score publicity with decreased prices, elevated operational effectivity owing to centralized processing channels and enhanced a number of supply channels with elevated outreach.