CRISIL believes that UPSL will continue to benefit from its established customer relationships and strong support from its parent, MPL, over the medium term.
B G Kukillaya, UPSL is engaged in pre-press activity, offset, and self-adhesive label printing.
All of the Australian bank`s employees and operations associated to check processing will be merged into UPSL. In the first year UPSL expects to process around 150m Westpac cheques.
UPSL will now process the cheques presented by customers at post offices around Australia, processing approximately 35m cheques per year for the company.
Almost 3,000 people work at Girobank, two thirds of them employed by A&L and the rest working for contract company UPSL
It all adds up to increasing uncertainty at the site, which currently has almost 3,000 staff, two thirds of them employed by A&L and the rest working for contract company UPSL