NEWS & ADVICE : HOME LOANS
Gujarat to receive 50 new branches from SBI by FY end
By Joseph Samson
Feb 17, 2011
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The largest lender of the country, State Bank of India has decided to come up with another 50 branches in the state of Gujarat by end of this fiscal.

Also the bank plans to add 225 more ATMs to its count of 1300 machines now in Gujarat.

"We shall be adding 50 more branches by this fiscal- end to the existing network of 1,150 branches in Gujarat," SBI Gujarat Circle Chief General Manager P Nanda Kumaran said.

"In order to get rid of disputes arising from envelope -based ATM cash deposits, the bank has decided to introduce direct cash deposit ATMs at seven locations in five major cities of Gujarat," he added.

In its attempt to encourage paperless banking, the lender has decided to set up a self service branch which would be operational 24X7.

"We will open a Self Service branch in Ahmedabad before this fiscal-end in one of the non-banked areas of the city, which shall be followed with another such branch in Vadodara," Kumaran said.

The self service branch would have automated machines performing all regular activities like cash deposit, withdrawal, remittances, passbook updates and statements.


 


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