In a function film actor Mammootty inaugurated the 200th online ATM centre of South Indian Bank (SIB) at the Saritha, Savitha, Sangeetha theatre complex on Banerji Road, Ernakulam. Mammootty is global brand ambassador for SIB. The function was presided over by the V.A. Joseph, chairman and CEO of the bank.
In his speech Dr. Joseph stated that the 200th ATM centre, was planned to be opened before March 31, 2008, and has been inaugurated three months ahead of the scheduled date. At present the bank have a CBS network of 487 branches and 27 extension counters. The 500th CBS branch will be opened in New Delhi in March 2008.
For the fiscal year the bank had a corporate business target of Rs.25,000 crore in total business but the bank has already exceeded Rs.24,000 crore.
The bank has also crossed Rs.14,288 crore in deposit against the quarterly target of Rs.13,856 crore and in advance, Rs.10,000 crore against the target of Rs.9,605 crore.