Kerala-headquartered South Indian Bank would soon offer online trading services. For this, the bank is in talks with Geojit Financial Services, IDBI and Muthoot group, said its managing director and chief executive officer VA Joseph.
Joseph who was here in Hyderabad to launch five branches in the twin cities said the bank had set a target of Rs 75,000 crore business by 2013. It total business currently stood at about 31,000 crore of which Andhra Pradesh accounted for Rs 1,100 crore. The bank also plans to increase the number of branches to about 750 during the same time from the present 543. This fiscal, it would add 32 branches.
On the interest rate, Joseph said they would follow the competition and alter the rates as required.
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