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UBI plans to fill up 2,000 vacancies

By Surajit Khaund
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GUWAHATI, Feb 20 � United Bank of India (UBI) plans to hire around 2,000 staff to fill up its vacancies across different divisions in the country.

�As part of our strategy of enhancing rural operations, we have decided to recruit nearly 2,000 staff including officers and clerks soon. The recruitment will be conducted by the Institute of Banking Personnel Selection (IBPS),� UBI CMD Bhaskar Sen told this correspondent here today after attending the management committee meeting. He also announced that the bank would add seven new branches to the existing network of 187 branches in Assam.

�The new branches will be opened within three months in the State to cater to the needs of the people,� Sen added.

UBI, which has a strong presence in the North East, has prepared a new plan to open �ultra small branches� especially in the remote areas. It has already identified 36 locations in Assam for carrying out the plan and rest of the areas will be covered in a phased manner.

Throwing light on the new plan, Sen revealed that each ultra small branch would cover nearly 5000 population with whom business correspondents (BCs) would coordinate for any banking transaction. �This new system is aimed at reaching out to rural masses,� he claimed.

On the other hand, to comply with the Reserve Bank of India�s ( RBI) prescription, the UBI has covered 406 villages under the Financial Inclusion Programme.

Sen also painted a rosy picture of the credit deposit (CD) ratio�s growth in the North East. �As of today, the CD ratio stands at 49 per cent and we expect the figure to cross 50 per cent by the end of March,� the CMD said, adding that UBI is keen on increasing its lending in the region. To substantiate his claim, Sen informed that the bank had already disbursed credit to the tune of Rs 308 crore and Rs 114 crore for the agricultural and the industrial sectors respectively in just 9 months. �As far as lending is concerned, we have already achieved 82 per cent of our target that is quite satisfactory,� he claimed.

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UBI plans to fill up 2,000 vacancies

GUWAHATI, Feb 20 � United Bank of India (UBI) plans to hire around 2,000 staff to fill up its vacancies across different divisions in the country.

�As part of our strategy of enhancing rural operations, we have decided to recruit nearly 2,000 staff including officers and clerks soon. The recruitment will be conducted by the Institute of Banking Personnel Selection (IBPS),� UBI CMD Bhaskar Sen told this correspondent here today after attending the management committee meeting. He also announced that the bank would add seven new branches to the existing network of 187 branches in Assam.

�The new branches will be opened within three months in the State to cater to the needs of the people,� Sen added.

UBI, which has a strong presence in the North East, has prepared a new plan to open �ultra small branches� especially in the remote areas. It has already identified 36 locations in Assam for carrying out the plan and rest of the areas will be covered in a phased manner.

Throwing light on the new plan, Sen revealed that each ultra small branch would cover nearly 5000 population with whom business correspondents (BCs) would coordinate for any banking transaction. �This new system is aimed at reaching out to rural masses,� he claimed.

On the other hand, to comply with the Reserve Bank of India�s ( RBI) prescription, the UBI has covered 406 villages under the Financial Inclusion Programme.

Sen also painted a rosy picture of the credit deposit (CD) ratio�s growth in the North East. �As of today, the CD ratio stands at 49 per cent and we expect the figure to cross 50 per cent by the end of March,� the CMD said, adding that UBI is keen on increasing its lending in the region. To substantiate his claim, Sen informed that the bank had already disbursed credit to the tune of Rs 308 crore and Rs 114 crore for the agricultural and the industrial sectors respectively in just 9 months. �As far as lending is concerned, we have already achieved 82 per cent of our target that is quite satisfactory,� he claimed.

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