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SIB extends core banking facility to rural branches
Staff Reporter
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The bank plans to have 450 branches in current financial year
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KOCHI:
The South Indian Bank (SIB) has extended its core banking solution (CBS)-enabled services to the rural areas with the inauguration of its 300th branch under CBS at Thiruvankulam, near here, on Monday. The facility was inaugurated by panchayat president E.V. Thankappan. Bank chairman V. A. Joseph said in a press release here that the 77-year-old bank was committed to providing the best technology-enabled services to people in the rural areas. The bank had brought all its urban and metro branches under CBS.
The Thrissur-based bank has the second largest network of branches among the old generation private sector banks in the country and has proposals to open branches in Madhya Pradesh, Orissa and Uttar Pradesh, the press release said. The bank plans to have 450 branches by the end of the current financial year.
The bank expects a total business turnover of Rs.25,000 crores by 2008, the release added.
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