• search

SIB to open new branches in northern states

Written by: Staff

Kottayam, Apr 5 (UNI) The Thrissur-based private sector South Indian Bank (SIB), has drawn up plans to foray into four more states in the northern areas of the country by opening new branches, its Chairman V A Joseph said today.

He said the bank had opened its 450th branch in Bhubaneswar recently. It would make its presence in 23 states during the fiscal, he told reporters here.

Recently, the bank created a record in the banking industry by opening 14 new branches on a single day in March 2006, he said adding that SIB had applied for 18 more new branches, which would be opened in the current year itself.

During the fiscal, the bank was planning to enter unrepresented states like Jammu and Kashmir, Jharkhand, Uttaranchal and Assam. As part of branch expansion programme, the SIB was aiming at increasing the branch network to 500 in 23 states, he added.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more