Public sector lender, United Bank of India has reportedly opened 50 branches in Assam. The branches were inaugurated by Chief Minister Tarun Gogoi. With this, the bank now has 244 branches in the Assam. Among the 50 branches opened, Guwahati region will get 16, followed by Nagaon region 13, Dibrugarh region 9, Cachar region 8 and Sivasagar region 4. Further, the bank is planning to six more branches in the region to take its branch tally there to 250. The bank is also planning to open one more regional office at Tezpur.
United Bank of India reported a net loss of Rs 489.47 crore for the second quarter ended September 30, 2013 as compared to a net profit of Rs 144.63 crore for the same quarter in the previous year. However, total income of the bank increased by 13.60% at Rs 2876.77 crore for quarter under review as compared to Rs 2532.39 crore for the quarter ended September 30, 2012.
