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CHENNAI: IDBI Bank intends to use the Rs 130 crore of Tier-II capital it raised through issue of bonds to power its expansion plans. The bank will focus on expanding its network in smaller towns, Mr J. Venkatramanan, Regional Head - South (Retail), said on Monday.

Speaking here at the inauguration of the bank's 299th ATM, Mr Venkatramanan said that in the next six months, the bank would be present in 87 cities, as against 69 now.

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