Union Bank Of India seeks to operate in Australia, Belgium | business | Hindustan Times
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Union Bank Of India seeks to operate in Australia, Belgium

business Updated: Mar 18, 2011 14:25 IST

Reuters
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Union Bank Of India is seeking licences to open branches in Australia and Belgium and has received the Indian central bank's nod to set up a subsidiary in the UK, its chairman said on Friday.

The lender expects FY12 net interest margins at 3.1 per cent, M.V. Nair told reporters.