Union Bank of India, one of the largest public sector banks of India, will be adding 200 more branches this year of which 15 would be open in state of Kerala. The bank currently has total branch strength of 3900 across India. This year the bank has recruited 3,000 employees who are undergoing training.
In order to further strengthen its global footprint, the public sector bank proposes to operationalise a branch at Sydney and overseas subsidiary at London. It currently has three overseas branches in Hong Kong, Dubai and Belgium besides representative offices at Shanghai, Abu Dhabi, Beijing and Sydney.
Further, the bank is also targeting 9-10 percent growth in deposits and 11-12 percent in its advances over last year.
