<p>"We will be opening 200-250 branches across various states in next 12 months," IDBI Bank Chairman and Managing Director R M Malla told PTI.<br /><br />Besides, the bank is also looking at ramping up its international presence, he said.<br /><br />The bank submitted applications to the Monetary Authority of Singapore for setting up an Offshore Banking Unit there and to the China Banking Regulatory Commission for setting up a representative office at Shanghai, he said.<br /><br />IDBI Bank hopes to get licence from the Singaporean authorities within the next few months, Malla said on the sidelines of a seminar organised by IMI here.<br /><br />Currently, the bank has one overseas office. It operates from Dubai (UAE). Domestically, the branch network of the Mumbai-based stood at 930 branches as of September.<br /><br />The bank opened 107 branches in 2010-11, including specialised corporate branches, taking the total to 815 as on March 31, in addition to an overseas branch at DIFC, Dubai.<br /><br />Of the domestic branch network, 238 are located in metropolitan centres, 307 in urban centres, 184 in semi-urban centres and 86 in rural centres.<br /><br />In order to ensure improved operating domain, branches at a few locations were relocated and renovated to provide fresh look and feel, similar to other branches of the bank, he said.<br /><br />The bank constantly endeavours to expand its branch network to execute its strategy of building sufficiently larger customer base, improved customer service and improved CASA contribution, he said.</p>
<p>"We will be opening 200-250 branches across various states in next 12 months," IDBI Bank Chairman and Managing Director R M Malla told PTI.<br /><br />Besides, the bank is also looking at ramping up its international presence, he said.<br /><br />The bank submitted applications to the Monetary Authority of Singapore for setting up an Offshore Banking Unit there and to the China Banking Regulatory Commission for setting up a representative office at Shanghai, he said.<br /><br />IDBI Bank hopes to get licence from the Singaporean authorities within the next few months, Malla said on the sidelines of a seminar organised by IMI here.<br /><br />Currently, the bank has one overseas office. It operates from Dubai (UAE). Domestically, the branch network of the Mumbai-based stood at 930 branches as of September.<br /><br />The bank opened 107 branches in 2010-11, including specialised corporate branches, taking the total to 815 as on March 31, in addition to an overseas branch at DIFC, Dubai.<br /><br />Of the domestic branch network, 238 are located in metropolitan centres, 307 in urban centres, 184 in semi-urban centres and 86 in rural centres.<br /><br />In order to ensure improved operating domain, branches at a few locations were relocated and renovated to provide fresh look and feel, similar to other branches of the bank, he said.<br /><br />The bank constantly endeavours to expand its branch network to execute its strategy of building sufficiently larger customer base, improved customer service and improved CASA contribution, he said.</p>