Indian Bank opens in Australia 9 December 2009 The Indian state-owned Union Bank of India (UBI) has established a foothold in Australia, opening a representative office in Sydney. The Mumbai-based bank, which has assets of US$13.45 billion and 2,700 branches throughout India, plans to eventually upgrade the Sydney representative office to a fully-fledged branch, as well as extend its base in Australia. The Union Bank of India has representative offices in Beijing, Shanghai and Abu Dhabi and a branch in Hong Kong. More information |