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UBI to add 200 branches next year

United Bank of India is planning to open 200 branches in the next financial year and it will focus on the central and western regions of the country. The bank’s MD and CEO Pawan Bajaj said the bank will add these branches in areas the bank has lesser presence, especially in the central and western regions. At present, around 60% of the bank’s total branch network is spread across eastern and north-eastern states. Bajaj said in the January-March period this year, the bank is looking to open around 50 branches.

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