BRANCH BANKING | Tony Chua, India

ICICI Bank targets 1,500 new branches in 4 years

Inclusion of Bank of Rajasthan’s 450 branches into the network comprises a huge fraction of additional branches.

In a major expansion drive, ICICI Bank plans to add about 1,500 branches over a period of four years against the existing strength of about 2,500.

With the addition, the branch network to go up to 4,000 by 2015, a senior official of ICICI Bank said.

The branch expansion will help increase its presence as well as business, the official said, adding it will help mobilise cheap resources.

Currently, the bank has a network of 2,533 branches and 6,301 ATMs in the country.

View the full story in Times of India.

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