One of the finest banks of the private sector ING vysya Bank decided to open more branches in country in next three years. Bank is planning to expand its banking network all over the country. It has been reported that bank will be opening 40-50 new branches every year that will help the bank to enhance the its service and speed up the growth.
It has been noticed that at present bank is having a total of 551 branches from two third of the branches are in the south India and from this one third are in Andhra Pradesh only. Now the bank will establish more of the branches in east, west and northern parts of the country.
Bank has been slow in past few years but now bank is aiming to improve CASA by establishing more number of branches. By the end of December, total deposits of the bank was Rs 36,000 crore and 39,000 crore advances.