Corp Bank to open 140 branches, 250 ATMs by Mar '09

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New Delhi, Apr 27 (UNI) Extending its reach across the country, Corporation Bank said it plans to open about 140 branches, besides 200-250 ATMs in the current fiscal.

At present, the total number of branches and ATMs of the Mangalore-based Bank stands at 981 and 957 respectively.

''We are planning to open about 125-140 branches across the country during the current financial year,'' Bank's Chief General Manager M Narendra told reporters here on the sidelines of a conference.

The Bank has got licences to open 125 branches and is in the process to get licences to take it up to 140, he said.

Bank's General Manager B R Bhat said about 200-250 ATMs will be installed by the end of March 2009.

The expansion will mainly focus on the South-Western and Northern regions where there is enormous potential.

UNI SBA AK KP1437

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