Mahesh Bank aims at Rs 1,200cr business in FY10

Addressing a press conference to announce the bank's unaudited financial results here on Tuesday, Bung said the bank had planned to open three more branches in Hyderabad and a proposal for the network expansion had been sent to the Reserve Bank of India.

"We expect a licence from the regulator during this fiscal," he said. Mahesh Bank currently has 30 branches