Union Bank of India (UBI) signed an agreement with its public sector peers from the telecom space, BSNL and MTNL , under which the lender will get access to telecommunication technologies at competitive rates.
The memorandum of understanding ( MoU )) signed entitles the bank to access latest network technologies and preferred services at highly competitive prices.
The bank has already been using the services of Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) for its wide area network ( WAN )) across the country.
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