Assam Chief Minister Tarun Gogoi has inaugurated 50 new branches of United Bank of India electronically at a function held here.
Lauding the initiative of United Bank of India, Gogoi hoped that opening of new branches will usher a new era in the growth and development of Assam.
The Chief Minister said the effort put by the bank to open branches in remote rural areas in the state would benefit the underprivileged population of the state to reap benefit of various banking facilities including credit, according to a statement issued here today.
In her address, Chairperson and Managing Director of United Bank Archana Bhargava highlighted the journey of the Kolkata headquartered bank since its first step in 1933 through Comilla Banking Corporation, which subsequently amalgamated to become United Bank of India.
She unveiled bank's plan for further expansion of branch network by opening six more branches in addition to 50 branches opened. Soon, bank's total network of branches will go up to 250 in Assam.
The United Bank will open one more regional office at Tezpur in addition to existing five regional offices at Guwahati, Nagaon, Sibsagar, Dibrugarh and Silchar.
Bhargava informed that the United Bank has already crossed Rs 2 lakh crore of business and is going to cross 2000 Branch network strength this fiscal.
The role of the bank in financing Assam's tea industry was also highlighted for which the bank earned the acronym "Tea Bank". The new branches have mobilised business of Rs 46 crore on the opening day.
Hiranya Borah, director of the bank, highlighted the role played by the bank to cater to the banking needs of rural populace of the state.
