| |
Nedungadi Bank to expand
ENS ECONOMIC BUREAU
MUMBAI, Feb 9: One of the oldest private sector banks in the country, the Calicut-based Nedungadi Bank Ltd, is undertaking a massive branch expansion programme to complete its target of 200 branches by year 2000. Talking to reporters, chairman of the bank A R Moorthy, who inaugurated the bank's 153rd branch at Fort in South Mumbai said that by the end of this financial year the bank expects to open branches in New Delhi, Calcutta, Ahmedabad and Mumbai. By the end of the next financial year, it expects to to open about 185 branches and 15 more by the end of the century. The bank will be completing 100 years of its existence in 1999.Talking about the performance of the bank, Moorthy said, the deposit growth rate in the first six months of the current financial year is almost 22 per cent. Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
|
 |
