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South Indian Bank clocked total business worth Rs 50,560 crore in 2010-11, exceeding the target of 48,000 crore set for the year.
The Bank expanded its branch network to 641 during the year and plans to open another 59 branches in the current fiscal, an SIB release said on Thursday.
“Overall, fiscal 2010-11 was a successful year for the bank. Our deposits had grown by 29.08 per cent and advances by 28.92 per cent,” said Mr V A Joseph, MD and CEO, South Indian Bank.
As part of its “Vision 2013” growth plan, SIB envisages total business of Rs 75,000 crore, a branch network of 750, 750 ATM Centres and an employee headcount of 7,500 in the next two years, the release added.
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