The Hindu Business Line : BoR plans more branches in South

BANK of Rajasthan is planning to open six more branches in South India in the next three months. This will take the total number of branches in south India from 14 to 20. The bank is also planning to increase the share of retail business to total business from 60 per cent to 70 per cent in 2005-06, said Mr P.K. Tayal, Chairman.

"Low-cost deposits form 65 per cent of our total deposits. We want to reduce our corporate loans, which now form 30 per cent of total advances, to 25 per cent," he added.

The bank, which currently has a net worth of Rs 400 crore, is likely to come out with either a domestic public issue or an overseas issue to raise Rs 500 crore, Mr Tayal said.

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