South Indian Bank launces 200 more branches to introduce online trading services

According to the local sources South Indian Bank is to offer online trading services soon. The Kerala-based bank currently negotiates all the derails with Geojit Financial Services, IDBI and Muthoot group which will help it to implement the idea. 

According to managing director and CEO of the bank Joseph who came to Hyderabad to launch five branches in the twin cities, South Indian Bank had set a target of Rs 75,000 crore business by 2013. 

All in all the business currently stood at about 31,000 crore of which Andhra Pradesh accounted for Rs 1,100 crore. It was also said that the bank is also planning to increase the number of branches up to 750 from the existing 543. This year they plan to introduce 32 more branches.

Source: Business-standard.com