Listed public sector bank, United Bank of India (UBI) would apply for licences to the Reserve Bank of India for opening overseas branches in South Africa, and BRIC countries, the bank’s new Chairperson and MD Archana Bhargava said.

Addressing her maiden press meet here, she said that the bank would apply for around 10 licences by May 4. “We hope to get at least four by October or so,” she said.