RETAIL BANKING | Cesar Tordesillas, India

India's Bank of Maharashtra to open 220 branches in a year

To expand by 220 branches.

This is Bank of Maharashtra's plan for the current fiscal, according to Chairman and Managing Director Narendra Singh.

So far, the bank has opened 60 out of the 220 branches already.

"Of these, 100 will be in Maharashtra and 120 outside Maharashtra," he said. "The bank would open about 30 branches in Uttar Pradesh," he added.

The bank is focusing on Uttar Pradesh, Bihar and Odisha to expand its branch network.

"It is the growth of Uttar Pradesh, Bihar and Odisha. It is almost double the GDP growth of the whole country. So, we have identified these areas as growth areas. Our branch network in Bihar, Uttar Pradesh and eastern part is the main focus in the current year," Rajendran said.

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