BRANCH BANKING | Cesar Tordesillas, India

Union Bank of India branches to reach 3,500 by March

Union Bank of India plans to increase number of branches from around 3,200 to 3,500 by March, 2013.


This was revealed by Union Bank Chairman and Managing Director D Sarkar, who added that the bank also aims to increase its ATMs by 5,000 from over 4,000.

The Union Bank CMD recently inaugurated the bank's 161st 'Union Xperience' branch, which involves a better ambience and more automation, and touted as a 'flagship project'.

On the latest Xperience branch inaugurated here, he said it will have a round-the-clock Self Service Lobby with various automation machines like self-service passbook printer, cheque deposit machine and phone banking terminal.

He noted that such facilities will not lead to downsizing of staff and that the bank has no plans to reduce its people.

They will be used more in front office line, he said.

A London subsidiary and branches in Belgium and Sydney will be added to its five existing overseas representative offices, including in China.

The bank's rationale behind increasing its overseas operations was mainly to cater to its corporate clientele "who are expanding."

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