NEWS & ADVICE : PERSONAL LOAN
UCO Bank sees offshore expansion plans
By Vaibhav Aggarwal
Mar 28, 2011
Print    Email    RSS   

Public sector lender, UCO Bank is aiming towards establishing more branches in South East Asian region, said a top official of the bank.

"Currently, we are looking at expansion overseas... There are opportunities in South East Asia... Mozambique , Bangladesh, Nepal . Wherever we can open a branch with less capital (in this region), we will open," UCO Bank Chairman and Managing Director Arun Kaul said.

The bank is however yet to seek approval from Reserve Bank of India in this regard, he said. "We just conducted a feasibility study," added Mr Kaul.

The bank presently has four representative offices in Singapore and Malaysia and a representative office in Beijing, China.

Apart from offshore plans, the bank also aims to increase its domestic presence both in terms of branches as well as ATMs in the upcoming two years.

"We are present in 2,177 locations and have 600 ATMs. We want to have 3,000 branches and 3,000 ATMs in the country by March, 2013," Kaul said.

"As of now we have a subscriber base of over 1.5 crore. We want to leverage that and if we increase our presence we will be able to add more customers...," he said.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
A chronicle of excesses by loan recovery...
Carnival of Indian Personal Finance Blogs #4
Personal loans in India: Features and...
Effect of employment on loan eligibility...
Carnival of Indian Personal Finance Blogs # 9


i want to know my pnb's account balance
hi sir, i want 150000, my salary take home is 9500,...
want to know my personal loan balance statement in...
i have appliad my persanal loan ref no21396829 tall...
how do i know my loan details
i want to check my name jaswant singh in cbil list

NEWS THIS WEEK
RBI and Ministry differ over Financial Inclusion May 25, 2012
Bombay HC asks PNB to pay the dues to Etisalat DB Telecom May 25, 2012
Bank Union forums demand resolving of 9th bipartite issues May 24, 2012
Govt. places Bill to bring MFIs under RBI umbrella May 23, 2012
Banks need time to implement risk management part of Basel II May 22, 2012
News Archive