India’s largest public sector bank The State Bank of India, is gearing up to proliferate its physical and technological network by adding 80 branches and 150 ATMs in the states of Jammu and Kashmir, Himachal Perdesh, Punjab and Haryana, and the Union Territory of Chandigarh in 2010-11.
The bank has 875 branches and 32 processing centres in the region.
Talking to Business Standard on the sidelines of the launch of the off-line trading in Chandigarh Circle, Chief General Manager S K Sehgal said the physical expansion would be in the under-banked pockets, mostly in the hinterland. He added the bank had been pursuing various awareness activities in the suburbs to promote banking through technology that is via ‘business correspondents’ as it was more cost-effective.
He added that physical expansion in the higher reaches of Himalaya (Leh and Drass) would help them cater to the defence personnel
