ICICI Bank expands branch network in Tamil Nadu Chennai, Nov 7 (PTI) Private sector ICICI Bank onThursday said it has opened 23 new branches in Tamil Naduduring this fiscal year.
As part of its network expansion plan, the bank plans toopen 450 new branches of which 385 have already been set up.
The 23 new branches were set up in places like Chennai,Coimbatore, Tiruppur, Madurai and Kanyakumari.
The new branches were also set up in unbanked villageslike Alagarai in Tiruchirappalli and Arupathy in Nagapattinamdistrict, ICICI Bank said in a statement.
With the setting up of new branches, the total number ofbranches in Tamil Nadu was 508 and extension counters alongwith 1,650 ATM networks.
Commenting on the opening of new branches, ICICI Bankexecutive director Anup Bagchi said, 'Our strategy is to setup branches where business activity emerges. In line with thisstrategy, we have expanded our branch network by setting up 23branches across the state'.
The year 2019 also marks the bank's inauguration of itsfirst retail branch in the city ICICI Bank currently has 5,260 branches across thecountry, the statement added. PTI VIJNVG NVG