News

Union Bank of India to deploy 2,500 ATMs

June 21, 2011

Union Bank of India will deploy 2,500 ATMs before March 2012, increasing its number of outlets to 5,000, according to CNN-IBN Live.

Lalit Sinha, general manager, Alternate Channels and New Initiative Department, Union Bank of India, told reporters yesterday during a press conference that 50 percent of transactions in 2010-11 were conducted electronically, up from 35 percent two years ago. He said the deployment will increase that number to 60 percent.