• search

Union Bank of India to open 100 new branches by the year end

Written by: Staff
|

Mumbai, July 7 (UNI) The Union Bank of India is on its aggressive expansion mode and plans to open 100 new branches within the country and abroad by the end of the current financial year.

The CMD of the bank, MV Nair, informed the media during a conference here, ''We've already got the Reserve Bank of India's nod for opening 30 new branches and two representative branches at places like Hong Kong and Dubai.'' Similarly, the bank is all set to increase the number of ATMs from existing 500 to 1,000 by the year-end, he added. It is the first time that the bank would be spreading its wings abroad.

Expressing his happiness over the bank's performance on the front of loan book, he said, ''Our bank has witnessed the loan growth of 31 per cent during the current financial year so far, which was more than two per cent of the figure recorded in June last year.'' UNI KKD KU VKG1650

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more