ICICI Bank Blog

This is a Unofficial blog of ICICI Bank Ltd, I created this only for information to all it's investors about what the company is doing.Information in this blog may or may not be correct.

Monday, October 08, 2007

ICICI receives licences for fresh branches, more off-site ATMs

The country's second largest lender, ICICI Bank, has received the Reserve Bank's approval for establishing new branches and additional off-site ATMs.

The approval is broadly in line with its application to the Reserve Bank, ICICI Bank said in a press release issued here today.

While the bank would not divulge the number of branches and ATMs for which it has received the apex bank's approval, banking industry sources said that it has received approval for around 400 branches.

This would take its branch network from the present 950 to 1,350.

Similarly, the sources said that the bank has received approval to establish 2,500 more ATMs. ICICI Bank's ATM network stands at around 3,600.