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Our Bureau

Coimbatore , Aug. 20

STATE Bank of Indore is confident of crossing the Rs 10,000-crore mark in advances within the next two months.

With total business volume of over Rs 23,000crore and aggressive branch expansion plans, the bank is upbeat on growth prospects, its Managing Director, Mr C. Narasimhan, said here on Saturday.

Briefing newspersons after inauguration of the 440th branch in the country, Mr Narasimhan said the Coimbatore office would look at expanding corporate business besides focusing on retail lending. "We are targeting a business volume of Rs 100 crore (in Coimbatore) over the next 15 months."

The entire branch network was expected to be hooked to the CBS (Core Banking Solution) platform by the end of September 2005. Over 125 branches had already been linked (including the Coimbatore Branch).

The bank, meanwhile, planned to open 15-odd branches in the next one year and add another 50 branches to its existing network over a three-year period.

Conceding limited presence in the South, he said, "We are now seriously considering strengthening our presence in Kerala and Tamil Nadu."

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