Calling it “invaluable”, Union Bank purchased copies of India@100 to distribute to customers, corporates, schools and libraries

Union Bank of India decided to purchase 200,000 copies of the India@100 book by former chief economic advisor Krishnamori Supraman and former CEO of India to the International Monetary Fund to understand the reforms identified by the book, the prospects for the economy and look at future commercial opportunities.

An internal note at Al -Ittihad Bank in late July 2024 to buy the book of India@100 said: “The book ignites the reader’s imagination and inspires a collective campaign towards a future as India appears as a dominant economic power.

The book is currently a storm in the background of the government’s decision to end the term of Supernian as the executive director of the International Monetary Fund, just six months before the end of his term amid the alleged violations surrounding the sale of the book. According to the sources, Union Bank is the only lender in which this case appeared at the present time, although the details have been searched for from other banks as well.

It is understood that Al -Ittihad Bank has bought 189,450 copies of paper from the book at a price of 100 rupees each and 10,422 other cover copies of the book in 597 rupees each, which came at 7.25 rupees.

The bank highlighted that the reforms are expected in the banking sector, so that the manufacturing sector can grow by obtaining credit and investment. She said in the memo: “As an effort to take advantage of future job opportunities, it is required by the senior management to distribute copies of the hard cover book” India@100 “between customers/companies Pan India.”

The book was purchased by the bank for distribution between customers, local schools, colleges and libraries. Books were distributed in 18 bank offices, which were expected to distribute more.

Today’s business sent an email to Union Bank on this issue.

Meanwhile, the UNLY India Union Bank Association has also wrote to Manimkli, Managing Director and CEO of Union Bank of India, calling for an investigation of spending to buy the book.

“Please note that our association from time to time was raising concerns about the bank’s spending in a wasteful spending on its hard -winning profits on various items and means, and we ask the bank not only to exercise practice restrictions but also to review this spending to ensure the need and benefits that were spared from the same thing. Even buying the great book raised by the United States as well, it has been stimulated in the message.

The association requested that the bank determine the responsibility of buying books and the accumulated benefits of buying this large number of copies.