Business Daily from THE HINDU group of publications Tuesday, Sep 09, 2008 ePaper | Mobile/PDA Version | Audio |
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Money & Banking
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Public Sector Banks Allahabad Bank expands in South Kolkata, Sept. 8 Kolkata-headquartered Allahabad Bank plans to increase its presence in the South by opening more branches in the region. The bank has authorisation to open four branches in Karnataka, two in Kerala and 17 in Tamil Nadu at present. It has also applied for 12 more licences to the Reserve Bank of India, according to a press statement issued by the bank. The total business of the zone stands at Rs 3,943 crore, with deposits amounting to Rs 2,055 crore and advances to Rs 1,888 crore, the statement adds. - Our Bureau
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