Public sector lender IDBI Bank has set up an ambitious plan to open nearly 250 branches all over the country in the next year to come.

Also the lender aims to set up a branch in Singapore.

CMD of the bank, Mr R M Malla said, "We will be opening 200-250 branches across various states in next 12 months."

The lender has already sought approval from Singapore authorities for setting up a branch there and aims to get a nod by the coming month, he said.

In the last fiscal, the lender set up as many as 107 branches. After addition of special corporate branches as well as offshore foraying, the total count stood at 815.