RETAIL BANKING | Cesar Tordesillas, India

Allahabad Bank targets 21% growth

Allahabad Bank has set a business growth target of 21.39 percent by end of the current fiscal.

It is also eyeing a business level of around Rs.3,300 billion.

Thiswas declared Allahabad Bank chairman and managing director J.P. Dua at the bank's 10th Annual General Meeting here.

Dua said the focused approach towards enhanced customer service, network expansion and new products resulted in substantial increase in the bank's total business by 20.04 per cent to reach the level of Rs.2,718.43 billion during the last financial year.

The bank has planned to open 250 branches and 1,000 ATMs during the current fiscal.

Dua said the bank planned to open more overseas branches to increase its international presence.

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