NEWS & ADVICE : CAR LOANS
Private Banking Sector Leads In Opening New Branches In India
By Joseph Samson
Sep 4, 2013
Print    Email    RSS   

The uncertainty over the macroeconomic condition has not helped the private sector banks to increase their networks in India. The public sector banks are opening new branches, for the last five years and only the ICICI and the HDFC banks opened a few additional branches. In recent times, private banks have decided to expand their business dealings, by opening many new branches in India. From 2006 to 2013, the ICICI bank has increased its branches to 1,838 and the HDFC Bank opened 2,301 branches. In the public sector banking, the PNB opened 1,610 branches and the Bank of Baroda opened 1,483 new branches.

The Oriental Bank of Commerce said it would go slow in expanding its networks, during this year. The private sector banks do not have any reservations in creating new branches and they feel that they would be able to improve their business, once the banks become familiar with the depositors. Today, the private banks in India have more branches, than the public sector banks.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Effect of employment on loan eligibility...
This is how a bank lends money
Carnival of Indian Personal Finance Blogs #2
A chronicle of excesses by loan recovery...
Spend some time to get the best car insurance


Hello I am looking to renew my car insurance and I...
my loan no
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...

NEWS THIS WEEK
SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive