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.
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