The Union Bank of India (UBI) on Saturday inaugurated its second overseas branch in Dubai International Financial Centre (DIFC). UBI is India’s sixth largest public sector bank and already has a presence in UAE. The UBI branch at DIFC will cater to the business requirements and expansion plans of Indian corporates in overseas markets.
Union Bank in its global expansion plans has included UAE and Dubai in particular due to India’s strong cultural and traditional linkage and the growing trade with UAE. The bank opened its first representative office in Abu Dhabi in 2007 and has since been facilitating the expatriates by providing them single window assistance for its international business.