Under the Pradhan Mantri Jan Dhan Yojana, the Union Bank has almost completed its target of opening 61,318 accounts in Uttarakhand. Addressing the media here on Sunday, Executive Director of Union Bank, K Subramaniam said the bank was playing a proactive role in facilitating the development of the State while also fulfilling its social responsibilities effectively.
Keeping in view the expectations and ambitions of the public, the bank was spreading its network of branches in Uttarakhand. There are a total of 32 rural, 27 semi-urban and 25 urban branches along with one regional office of the bank operating in the 13 districts of the State.
He further informed that the bank has a total deposit of Rs2756 crore and advance amounting to Rs968 crore in Uttarakhand. In addition to this, the bank has a total of 151 ATMs including 84 on-site and 67 off site in the State.
The bank is also providing loan of upto Rs1 crore without security for cottage industry. The bank also plans to further expand its network of branches in Uttarakhand in the next financial year, added the executive director.
The Union Bank area head Shishir Chandra was also present in the Press conference.