Union Bank of India with 82 branches spread across all the 24 districts of Jharkhand is gearing to add three more into the kitty. Out of total 82 branches, 56 branches are functioning in rural and semi-urban areas, which contribute 68 per cent of the total number of branches.
Addressing media persons on Friday Arun Tiwari, CMD of the bank said that its total deposits in the state as of July 2015 stood at Rs 4928 crores. Also, Customer base of the bank in the State as on date is 11,52,661 accounts of which 9,06,212 savings bank account holders, 16,961 current accounts and 60,760 loan accounts.
“Union Bank of India proposes to open 3 branches in Jharkhand during the current financial year. These would be at Madhupur (Giridih), Chakradharpur (West Singhbhum) and at Patratu (Ramgarh). All these three branches will have on-site ATMs. We also propose to open one new ATM within the 17 Corps HQ. in Deepatoli Cantonment, Ranchi,” added the CMD.
Union Bank of India registered a total YOY growth of 15.60 per cent under total advances as on March, 2015 as compared to 13.20 per cent by the other scheduled commercial banks in the State. Contribution of Union Bank of India towards Priority Sector Advances stands at Rs 898 crores which is almost 73 per cent of bank’s total advances in the State, said the CMD.
“We are successfully implementing the social security schemes like PMJDY. 90667 accounts under the scheme carry outstanding balance of Rs 8.29 crores of which Rupay Card issued in 97% accounts. PMSBY has 23213 accounts, PMJJBY has 13072 accounts, PMMY has 319 accounts, Atal Pension Yojana has 357 accounts, Sukanya Samridhhi Yojana has 21 accounts” added Arun Tiwari.