Kolkata, Jan. 2
Union Bank of India plans to focus more on the Kolkata market, which is emerging into an important services hub. The bank, which today opened new branches along with ATMs at two key locations in South Kolkata, views the city as a major destination for investors. In particular, it feels that areas such as IT/ITES, hospitality and entertainment would develop further, attracting more investments.
The two new locations for Union Bank's branches in Kolkata are Tollygunje Karunamoyee and Santoshpur Survey Park. Ten ATMs in the city were also declared open. Union Bank, which has recently announced the formation of a new life insurance venture with Bank of India and Japan's Dai-ichi Mutual, said it is opening 50 new branches all over the country.