Public sector lender Union Bank of India has set ambitions of making it a prime focus to reduce the incidence of non performing assets (NPAs) in its book of accounts.

The bank also aims to head forward towards increasing its retail business.

According to CMD of the bank, Mr D Sarkar, the bank's focus would lie on expansion of home loan and car loan businesses.

"NPA management is a big agenda for us this year. We will focus on arresting slippages and initiate aggressive recovery measures, wherever possible," said Mr Sarkar.

Retail loans form around 10% of the bank's total loan book as of now.

"With over 3,200 branches and 3,800 ATMs across the country, Union Bank has a strong delivery channel. We need to put this network of 7,000 odd delivery channels to optimum use in order to improve our retail portfolio," Mr Sarkar said.