South Indian Bank has laid an ambition to achieve a business target of Rs 75000 crore business by March 2013 as mentioned in the Vision Document, 2008.
South Indian Bank's five year business plan- Vision 2013-was drawn up in 208 and a target to achieve Rs 75000 crore business, 750 branches and 750 ATMs and 7500 employees by March, 2013.
Mr. V A Joseph, Managing Director and CEO of SIB said that the bank has been able to do business of Rs 67000 crore in total till date.
"We hope to achieve the target of Rs 75,000 crore and 7,000 people by the end of March 31. We might just exceed some of the targets," Mr. Joseph said.
Ten more branches would be added to their kitty shortly in Gujarat, West Bengal and Maharashtra. The bank is also aiming to add another 25 ATMs by March, 2013 taking the total number of ATMs to 800.