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Agri-Biz & Commodities - Commodity Exchanges


Union Bank of India to invest in MCX

Our Bureau

Mumbai , May 5

THE Union Bank of India has invested in equity shares of Multi Commodity Exchange of India Ltd (MCX), a subsidiary of Financial Technologies India Ltd (FTIL).

According to a company notification issued to the exchange, UBI would join FTIL as a promoting bank.

Moreover, Iffco and MCX have mutually decided not to go ahead with the MoU signed between them for investment by the former in MCX, informed the notice.

More Stories on : Public Sector Banks | Commodity Exchanges

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