Central Bank of India in a bid to expand its reach in the state of Himachal Pradesh would open more branches. The bank would also finance infrastructure development and other private projects to increase the credit-deposit ratio.
Central Bank of India currently has 48 branches in the state with a market share of 3.91%. The bank has proposed to open 10 more branches in the state and a majority of them would be opened in rural areas. It is also going to expand its activities in the hill state by financing hydropower, horticulture, infrastructure development and tourism projects.
Central Bank of India has got 4,300 branches and 2,500 ATMs with a Pan India presence of all the branches connected under the CBS platform. The bank has a business turnover exceeding Rs 4 lakh crore.
