Gujarat to receive 50 new branches from SBI by FY end
By Joseph Samson
Feb 17, 2011
Print    Email    RSS   

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.


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

 Select a product:

Credit score from CIBIL: will it really...
Financial Review: A must for every individual
e-filing of income tax returns at...
Carnival of Indian Personal Finance Blogs #1
Carnival of Indian Personal Finance Blogs #6

PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive