Union Bank has revealed that it aims to open 500 new branches over the coming six months. According to sources, the rapid growth of the bank has led to opportunities in career progression within the bank.

The sources further added that the lender has proposals to employ 1600 officers, of which 800 will be through campus recruitment and the bank has short listed 25 institutes, including some of the top management schools to conduct the process.

In the meantime, the business mix of the bank (deposits and advances together) has enhanced by 28% to Rs 2226.25 billion as of December 2008.

Shares of Union Bank closed down Rs 3.55, or 2.41%, at Rs 143.85. The total volume of shares traded at the BSE was 1,027,827.00 (Friday).