, India

UCO Bank plans to open 100 mobile branches

The year-long expansion will enable the bank to provide low-cost services all over the country.

Last 6 January, UCO Bank Chairman and Managing Director S K Goel said the bank "will launch a full-fledged mobile branch equipped with ATM facility at Amethi on Jan 26.

"The scheme will envisage setting up of 100 such branches across the country within a year," Goel added in a report in Business Standard.

He told reporters at the bank's 67th foundation day that the bank's purpose of such move is not only to expand its branches, but to achieve maximum financial inclusion.

Goel said the bank's growth in advances was 22.05 percent and deposit 19.77 percent as of 31 December 2009 during the period when its business grew by 20.70 percent.
 

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!