Central Bank to open more branches in Himachal

Shimla, April 24 (IANS) Central Bank of India would open more branches in Himachal Pradesh and finance infrastructure development and other private projects to increase the credit-deposit ratio, chairman of the bank M.V. Tanksale said here Wednesday.

“We are going to expand our activities in the hill state by financing hydropower, horticulture, infrastructure development and tourism projects,” he told reporters.

He said with 4,300-odd branches and 2,500 ATMs, the bank has a turnover exceeding Rs.4 lakh crore.

He said the bank proposed to open 10 more branches in the state and a majority of them would be opened in rural areas.

Currently, the bank has 48 branches in the state with a market share of 3.91 percent.

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