In order to expand the banking network the syndicate bank has planned to launch 300 new branches. In addition to this bank will also 27 mid corporate branches by this financial year. A mid corporate branch will be set up at Guntur.
On Saturday bank has started a new branch at Visakhapatnam regional office. The bank is about to set up 5 new branches in the region. Currently there are 47 branches of the bank in the state. Apart from this bank also have plans to set up branches overseas. Bank has branch in London and is planning to set up branches in Hong Kong, Dubai, South Africa and China to increase its overseas business.