Corp Bank to open 140 branches by Mar '09

New Delhi, Apr 26: Extending its reach across the country, Corporation Bank today 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