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Friday, September 7, 2012

Corp Bank to add 30 branches in Gujarat

Public sector Corporation Bank plans to increase the number of its branches in Gujarat to 115 this fiscal, from 85 in the previous fiscal year, , a senior official said here on Friday.

Of the new 30 branches planned , 15 have already been opened, N. B. Kulasekaran, General Manager, told presspersons.

The bank will also increase the number of its ATMs from the existing 82 to 242 .

The bank is also expected to disburse Rs 6,000 crore nationwide under the grand festival bonanza scheme for purchase of houses and vehicles by individuals, and loans for businessmen and healthcare professionals.

In Gujarat, the bank is expected to advance loans worth Rs 300 crore during the scheme period from September 1 to November 31. Corporation Bank’s business in Gujarat was about Rs 14,000 crore in 2011-12.


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