The largest public sector lender in the country State Bank of India has announced major expansion plans for the year 2011-12, according to which it aims to open 800 branches during the time duration. After the addition of these 800 braches the total branch count of the bank would cross the mark of 14,000.
The Managing Director and Chief Financial Officer of SBI, Mr. Diwakar Gupta said “We are planning to open 700-800 branches in the current financial year against 650 set up during the last fiscal.”
Not only in the country but the bank is also looking to expand its overseas network also.
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