"We are planning to add around 100 branches and 75 ATMs this year. We are strong in the south now and plan to strengthen our presence in the North and Western regions of the country," Corporation Bank's Chairman and Managing Director, B Sambamurthy, told PTI.
Presently, the Government-owned bank has around 980 branches and around the same number of ATMs across the country.
Around sixty per cent of the new branches scheduled to be added this year will be in both these regions, he said, adding that the remaining 40 per cent will be in the South and other parts of the country.
The bank presently has 536 branches in the South and only 237 and 164 in the North and West, respectively. In the East, the bank has 44 branches.
"Both the West and North hold an immense potential and we want to tap the opportunities available here," he said.
The branch expansion is in sync with the bank's strategy to double its business every two-and-a-half years instead of the present every three years, he said, adding "our branch expansion programe will help us enhance our business tremendously."
