UBI plans to add 200 branches this fiscal

MUMBAI: Public sector lender, Union Bank of India (UBI), on Tuesday said that it plans to add more than 200 branches during the current fiscal.
    
On an expansion drive and having opened 124 branches last fiscal, UBI has chosen the organic route for growth, it said in a statement issued here on Tuesdaya.
    
With the economy expected to grow at unprecedented levels, there is a growing need for banking products and services in many parts of the country.
    
"Not only are segments of the population hitherto out of the ambit of the banking system, approaching banks for their banking needs, but existing customers are also in need of newer banking products and services," the bank said.
    
It was in anticipation of this need, that UBI planned to add more than 200 branches during this fiscal, the bank said.