Union Bank of India has launched digital initiatives for its customers in Mumbai. In this regard, the bank is looking for open 100 digital branches. The digital culture has percolated to other employees of the bank and is now being extended to the customers as well.
The bank’s net profit slipped by 23.34% at Rs 443.77 crore for the quarter ended March 31, 2015 as compared to Rs 578.91 crore for the quarter ended March 31, 2014. Its total Income grew by 11.11% to Rs 9383.71 crore for the quarter under review from Rs 8444.95 crore for the corresponding quarter of the previous year.
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