UBI to open new branch in Udupi today

UBI to open new branch in Udupi today

Speaking to the media persons here on Sunday, Chairman and MD of the Bank Sathish Chandra Gupta informed that UBI has crossed the business level of Rs 1 lakh crore and is the first eastern region based bank to accomplish the status of 100 percent CBS bank.

The bank at present has 1457 branches and has obtained permission to open 134 additional branches across the country, majority of which will be opened in northern and western India.

There are 12 branches in Karnataka and the 13th will be opened in Udupi on Monday while the 14th branch will be added in Bangalore. There are 275 ATMs across the country and 25 more will be added this year, he said.

The bank is planning to open its rep office at Dhaka on January 15 that will be transformed in the course of year.

Training institute

The bank will be adding new Rural Development Self Employment training Institutes , of which seven will be opened during the current fiscal year. Currently the bank has such four institutes, of which three are located in West Bengal and one is in Tripura, he said.

 The open market with equity of Rs 50 crore at a premium will be launched, he added.
The Udupi branch will be blessed by Kaniyur math seer Vidyavallabhatheertha Sripada.
Executive Director T M Bhasin was present at the press meet.