According to Mr. S.C. Kalia, Executive Director, Union Bank of India (UBI), the bank is in the process of establishing an Asset Management Company in partnership with a Belgium firm early next year. He also aid that the bank would launch the second phase of its customer-centric Navnirman Programme to become one of the top three public sector banks in the country by 2012. The bank has an ambitious plan to pen 500 more branches across the country and enhance its global footprint. At present, the bank has only one overseas branch in Hong Kong.
The bank is targeting to achieve Rs.285000 crore business by March 2010.
Source: http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/UBI-to-set-up-asset-management-company-with-Belgian-firm/articleshow/5381562.cms
UBI TO SET UP ASSET MANAGEMETN COMPANY WITH BELGIAN FIRM
Labels: BANKING N FINANCE
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