IDBI Bank plans to open at least 200 branches in the next 12 months, its Chairman and Managing Director, Mr R.M.Malla, has said.
This branch expansion would help boost the current account savings account (CASA) deposits of the bank, Mr Malla said on the sidelines of an event on‘infrastructure financing’, organised by the International Management Institute (IMI) here on Saturday.
IDBI Bank has a branch network of about 930 branches. The bank also plans to recruit 2,800-3,000 personnel over the next 12 months, he said. Currently, IDBI Bank has a workforce of about 14,000 persons.