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ICICI Bank to add more branches, ATMs

chanda kochharICICI Bank is expected to open 400 more branches and 1000 ATMs in the current financial year. According to reports, the bank had conducted a study which found that customers indeed wanted an efficient branch network as well as proximity of the bank branch to their homes. The bank’s MD and CEO Chanda Kochhar has been quoted in the report as saying that the bank believes that a wide branch network is a cornerstone in retail banking and keeping this in mind, the bank is planning to add around 400 branches this fiscal, while expanding the ATM network by adding over 1,000 ATMs. She added that the branches will become digital and more advisory in nature maintaining that the bank’s branches, in their advisory role, sourced over half of the home loans and new cards customers of the bank. The bank has the largest retail network among all the private banks in India with 4450 branches and 13,766 ATMs spread across the country.

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