The Hindu Business Line : Axis bank to add 210 branches this fiscal

KOCHI: The private sector Axis bank proposes to add 210 branches nationally this fiscal of which 52 would be in the southern states, a top bank official said on Saturday. The bank has at present 699 branches in the country, including 171 in the southern states.

Plans are to add about 70 odd branches in the south of which 52 would come up this fiscal, said Mr C P Rangarajan, President and zonal head (South) Axis Bank, here.

Mr Rangarajan, who was in Kochi to open a new branch, said Kerala now has 18 branches and plans are to add another eight more by the end of this fiscal.

The Kerala branches account for a business of Rs 2500 crore and it is expected to touch Rs 5000 crore after new branches are opened, he said.

The bank has a network of 20 extension counters and 2871 ATMs across the country. Kerala has 72 ATMs and another 30 would be added this financial year.

Axis bank, which is the offical bankers of Andhra Pradesh and Karnataka governments for e-governance initiatives, is also holding talks with Kerala government, he said.

The bank has a customer base of about 1.5 lakh in Kerala of which 30 per cent are NRIs. It is expected to increase its base to two lakh this year. Nationally the bank has 95 lakh customers. – PTI

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