ING Vysya Bank gets RBI nod for branch, ATM expansion

Private sector bank ING Vysya Bank has received the approval from the Reserve Bank of India (RBI) for opening 56 new branches and 100 ATMs across the country during the current fiscal.

ING Vysya Bank MD and CEO Vaughn Rictor said that the bank plans to expand its network by opening more branches. At present, the bank has a network of 457 branches and 224 ATMs.

He said that the bank would continue to focus on the SME and retail segments.

In the last financial year, the bank witnessed a growth of 24 per cent in deposits and 22 per cent in advances.