10 new Union Bank branches in Jharkhand by this September

Jamshedpur, May 19 Union Depository Financial Institution of Republic Of India will open up 10 new subdivisions in Jharkhand by September this twelvemonth as it bes after to have got presence in each of the 22 territory central office of the state. At present, the depository financial institution have 48 operational subdivisions in Jharkhand.

According to the bank's Tinplate subdivision director Second Arvind Kumar, eight non-represented territory central office would have got a subdivision each, while the other two would come up up at other feasible locations.

Union Bank, the first PSB in Republic Of India to convey all its 2,514 subdivisions under the core banking solution (CBS) network, is now planning to web all its 421 regional rural depository financial institution subdivisions operating as Rewa Sidhi Gramin Depository Financial Institution and Kashi Gramin Depository Financial Institution in Madhya Pradesh and Uttar Pradesh, respectively, by September 2009.

The depository financial institution have submitted a proposal to the ministry of labor and other cardinal ministries to open up business relationships at its subdivisions (after they were certified by several deputy sheriff commissioners of the state's 22 districts), in favor of the National Rural Employment Guarantee Act and other donees so that money could acquire credited directly to latters' accounts. At present, money come ups to Ranchi first and then to the territory headquarters.

"This service can only be provided by a depository financial institution which have a 100% CBS support as the system gives 'anywhere banking' installation to customers," Kumar told iron recently.

The depository financial institution is presently conducting a countrywide study to open up 32 'retail plus branches' within the current fiscal, one of which is proposed for this city. The subdivision will beef up the bank's existent web in the metropolis by providing rapid bringing of loan countenances at customers' doorstep.