The Reserve Bank of India (RBI) has granted the permission to private sector bank ING Vysya bank for opening 56 new branches and 100 ATMs across the country during the current fiscal.
ING Vysya Bank MD and CEO Vaughn Rictor informed that the bank will be expanding its network by opening more branches. Currently bank is having a network of 457 branches and 224 ATMs.
He said that the bank’s main focus will remain on the SME and retail segments.
In the last financial year, the bank had attained a growth of 24 per cent in deposits and 22 per cent in advances.
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