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Money & Banking - Public Sector Banks
Indian Bank to open 9 branches

Bangalore, Aug 2

Indian Bank plans to open nine branches during the current financial year in the Bangalore Circle, comprising Karnataka and Goa. The bank, which already has 76 branched in the Circle, opened recently a new branch in Thirumenahalli on the outskirts of the city. The branch was inaugurated by the Union Finance Minister, Mr P. Chidambaram. Bangalore Circle notched up a total business of Rs 5,780 crore as on June 30 with a sizeable exposure to retail loans, which included home loans, education and priority lending sector of agriculture and small scale units. The bank operates a separate cell for the retail loans, which also covers salary loans and other personal consumer loans. - Our Bureau

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Indian Bank to open 9 branches
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