South based lender City Union Bank has taken to increasing its branch count in this fiscal. The bank recently set up its 280th branch in Madurai in an occasion to mark its 108th Foundation Day celebrations held on October 31.

On the same day, three other branches were opened by the bank, two of them being in Chennai and the other in Neyveli.

According to Dr N. Kamakodi, CEO and MD of the bank, it had received license to set up 62 new branches all over the country in this fiscal. With all these branches set up, the total branch count of the bank stands at 283.

The bank targets to take the total count to 300 by fiscal end by setting up 17 new branches in TierII to VI cities.