NEWS & ADVICE : HOME LOANS
Indian Bank plans to increase branch count by 100
By Joseph Samson
Mar 7, 2011
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Public sector lender, Indian Bank is planning to increase its presence in the country even further by adding 100 more branches to its kitty in the upcoming fiscal. Out of this total count, 25 branches are targetted in Kerala, informed Mr Rajeev Rishi, Executive Director of the bank.

The present branch count of the bank stands at 1800 in domestic mainland and 3 offshore branches one each in Singapore, Colombo and Jaffna.

Rishi said that the bank is aiming to take its branch count to 2500, manpower to 25000 and business to Rs 5 lakh crore and net profit to Rs 2500 crore in three years time.

The prime focus of the bank would be on the rural population of the country. As part of the financial inclusion project, the bank aims to cover 20,000 villages in the upcoming two years.


 


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