|Mr. Mahesh Balasubramanian, the Executive Vice President of the Kotak Mahindra Bank said that the bank has planned to open ten specialized branches across the country, very soon. Now, the bank is going to open these specialized branches in Mumbai, Delhi and Bangaore and this is in line with the reform policy of the Reserve Bank of India. The purpose of these specialized branches is to cater the Agriculture Sector. At present, the bank operates with 455 branches in India and before the end of this year, there will be 550 branches, all over India. Right now, there are 41 branches in Punjab and the bank is going to add another eight to ten new branches.
In Punjab, the bank enjoys a very healthy CD ratio, with the deposit of 22 crores and the advances of 20 crore Rupees. Further, the bank is going to create the saving habit with children, by introducing the Kotak Junior Account, with the debit card.