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.

{{^htLoading}} {{/htLoading}}
The lender expects FY12 net interest margins at 3.1 per cent, M.V. Nair told reporters.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Advertisement
{{/htLoading}}{{#usCountry}} {{/usCountry}}