The Industrial Development Bank of India (IDBI) is reportedly planning to open up to 600 branches during the financial year 2014-15 to expand its footprint in the country.
IDBI Bank deputy managing director BK Batra was quoted by The Hindu Business Line as saying that following launch of 600 branches, its overall branch network will touch to 2,000.
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The public sector bank said that approximately 17 bank offices were set up during the fiscal 2013-14.
IDBI Bank, which is completing 10 years of existence as a commercial bank this year, has plans to install another 700 automated teller machines (ATMs) during this fiscal, Batra told Business Line.
As of now, the bank manages a fleet of 2,300 ATMs, which will now be increased to 3,000 in 2013-2014.
The lender provides personalized banking and financial products and services to its clients in the retail and corporate banking arena through its large network of branches and ATMs, spread across the length and breadth of India.
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