Union Bank Of India Gets ISO 9001:2015 Certification

The PSB gets this for Standardization of Credit Appraisal through its Centralized Processing Centre for MSME Loans

Union Bank of India today announced receipt of ISO certification for ‘Standardization of Credit Appraisal Process in SARALs/SARAL Lites’ (SARALs – Systematic Appraisal and Risk Assessment of Loan) – Centralized Processing Centers for MSME loans.

This coveted certification is a proof that the Bank is committed towards making the Banking services, easy, fast, and hassle-free not only for the individuals but for the small-scale units as well, to boost the MSME sector. Union Bank of India remains committed to constantly improving the customer services and processes by leveraging skilled man-power and advanced technology.

Union Bank of India has set up SARAL/ SARAL LITE CENTRES at all its 125 Regional Offices, where all proposals are considered under Single Window Concept in liaison with the respective Branch to quicken the decision-making process.
The Certification Agency assessed the quality management system of the Bank and found it to meet the requirements of ISO 9001:2015 for Standardization of Credit Appraisal Process in SARALs/SARAL Lites and issued ISO certificate.

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