United Bank of India plans to increase branches to 2,000 in current fiscal: Report

United Bank of India - (Amalgamated) | Bank - Public | BFSI | BSE: 533171 | NSE: UNITEDBNK

10 Sep 2013 Evaluate

Public sector lender, United Bank of India is reportedly planning to increase the total number of branches and ATMs to 2,000 each across India in the current financial year. The bank has recently inaugurated 35th Regional Office, at Ahmedabad in Gujarat. Currently, the bank has 29 branches, which covered 20 districts of Gujarat.

The bank’s net profit for the Q4FY13 rose by 2.09% at Rs 789.38 crore as compared to Rs 773.19 crore for the Q4FY12. Its total income has increased by 15.41% to Rs 7500.59 crore for the quarter from Rs 6498.79 crore for the corresponding quarter of the previous year.

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