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IDBI Bank plans to set up 600 branches this fiscal, taking its overall branch network to 2,000, its Deputy Managing Director, BK Batra, said.
In 2013-14, the public sector bank had added nearly 400 branches, taking the overall size of the network as at end-March to 1,400 branches, he said.
IDBI Bank, which is completing 10 years of existence as a commercial bank this year, will look to add another 700 automated teller machines during this fiscal, Batra told Business Line here on Friday.
As on date, IDBI Bank has a network of 2,300 ATMs, which is now proposed to be enhanced to 3,000 this fiscal.
In the first 40 years of its existence, IDBI (as a development finance institution) had operated out of just 17 offices. IDBI turned into a commercial bank (IDBI Bank) in 2004.
Batra admitted that the bank had to do more to spread its branch network across the country.
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