Banks in India are planning to open 10,000 branches across the country in 2014, which would create over 50,000 new banking jobs, according to India Union Finance Minister P Chidambaram.
The new bank branches are intended to provide banking facility in all rural areas of the country.
Go deeper with GlobalData
Speaking at the inauguration of 108 new branches of Indian Bank online, Chidambaram was quoted by The Economic Times as saying that people have realised the importance of banking services.
The 108 branches of Indian Bank are located not only in urban areas, but in semi-urban and rural areas also. The branches include 36 in Tamil Nadu, 19 in Uttar Pradesh, 13 in Orissa, 12 in Andhra Pradesh, seven in Kerala, three in Karnataka, one each in West Bengal and Assam, and 16 in other states.
Recently, Chidambaram also inaugurated the 2000th branch of United Bank of India (UBI) at Mahibalanpatti in Sivaganga district of Tamil Nadu.
Chidambaram said the UBI has so far opened 271 branches in the country this year, of which 121 were rural branches.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataAdditionally, the minister opened nine more branches of the bank in Kerala and other parts of Tamil Nadu through video conferencing.
