Union Bank of India inks MoU with ONICRA

union bankUnion Bank of India, one of the largest Public Sector Banks, has entered into an MOU with ONICRA Credit Rating Agency of India Ltd.

By signing the pact with ONICRA, Union Bank of India is anticipating expansion of its MSME customer base and at the same time it aims in bringing the awareness among its customers about the credit rating.

ONICRA is a specialized Credit Rating Agency, which offers spectrum of services to MSMEs exclusively. The company has network of 150 inter-connected offices covering over 400 locations and is actively involved in creating awareness about rating among MSMEs.

The company's services include MSME Performance and Credit Rating, Associate Rating, Employee Background Screening, Customer Profiling & Rating etc.