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 Money & Banking - Public Sector Banks
Union Bank to add 200 branches

Mumbai, Oct. 16

Union Bank of India will add an additional of more than 200 branches this fiscal as part of its expansion drive. In a release issued today, the bank said it has already opened 124 branches in 2006-07, which is a record of sorts.

The bank has also tied up with IBM India to provide technological infrastructure and support. This will bring the bank's 2,274 branches and 135 extension counters under a common IT framework. This will reduce costs of transactions and allow the bank to respond faster to customer demand, the release said. - Our Bureau

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