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

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.

business Updated: Mar 18, 2011 14:25 IST

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.