Union Bank of India considers launching 210 branches

Grand expansion plan targeting $65 billion business includes setting up ATMs and putting up operations abroad.

Union Bank of India (UBI) Executive Director S.C. Kalia on Saturday said that among the 210 branches that they intend to put up across the country this year, 43 of them will be in Tamil Nadu and Kerala.

Apart from opening new branches, Kalia said the lender also proposes to set up Automated Teller Machines at all the new offices, according to a report in The Hindu.

Stating that the bank was also planning to venture overseas, he said "we are planning to open branches in Asian as well as African regions in the coming years."

He said UBI expected to get Rs. 3 lakh crore ($64.92 billion) business by this fiscal. "Our bank is all set to become one among the three top public sector banks by 2012," he claimed.