Union Bank of India (UBI) with its 2,650 branches & 1,950 ATMs across India very soon make a official entry into the mutual fund business by December 2009.

The bank had already received approval from Reserve Bank of India and was awaiting nod from SEBI, Union Bank of India Chairman and Managing Director M V Nair said.

Union Bank of India ‘s vision was to achieve Most Preferred Bank status by 2012.