Corporation Bank, a Mangalore-based lender is planning to open 300 new branches beyond Southern states in the current financial year, as a part of aggressive expansion. It is opening these branches in states like Gujarat, Rajasthan, Bihar, Punjab, Orissa and Jharkhand.
The bank also aims to introduce 200 branches in rural and semi urban areas in the country mainly beyond Southern states, where it has network of 1,800 branches. It aims to achieve 15% growth in retail banking including gold loans and SME credit market, while 16% growth in advances and deposits in the current financial year.
