Kochi-based Federal Bank would open 100 branches and 100 ATMs across the country tomorrow as part of an expansion drive.
"We are opening 100 more branches and 100 ATMs at the hands of Finance minister Pranab Mukherjee tomorrow in Delhi," zonal head of Federal Bank K S Harikumar told reporters today.
He said that the bank currently has 838 branches and 891 ATMs across the country.
Harikumar said that the target was to cross 1,000 branches and ATMs by June 2012.
A leading private sector bank with business turnover in excess of Rs 80,000 crore, Federal Bank is expecting a growth of 20% both in deposits and advances during the current financial year.
17% of the bank's deposits were non-resident, Harikumar said.
With a representative office in Abu Dhabi, the bank is trying to open a similar facility in Dubai.
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