ICICI Bank plans 1,500 branches in four years

ICICI Bank plans 1,500 branches in four years

With the addition, the branch network to go up to 4,000 by 2015, an ICICI Bank official said. The branch expansion will help increase its presence as well as business, the official said, adding it will help mobilise cheap resources.

Currently, the bank has a network of 2,533 branches and 6,301 ATMs in the country.
During 2010-11, ICICI Bank acquired Bank of Rajasthan which enhanced branch network and strengthened presence in northern and western India. The merger added over 450 branches to the network. The branch network of the bank rose from 1,707 branches at March 31, 2010 to 2,529 branches at end of 2010-11.

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