Public sector lender, Union Bank of India has entered into an agreement with telecom majors in the public sector domain, BSNL and MTNL. The entities have signed a memorandum of understanding (MoU) in this regard whereby the bank will be facilitated with telecommunication technology at competitive rates.

Now the bank will be able to access latest technologies in the telecom domain and also avail services of preference at rates highly competitive with the market.

The services of BSNL and MTNL are already being used by the bank for its wide area network (WAN) services all over the country.