Private sector lender Federal Bank has set up as many as 100 branches in one day on 10th March 2012, Saturday. This has taken the total branch count of the bank to 938.
“We expect to touch 1,000 branches by June this year,” said Mr R. Sivakumar, Zonal Head – Bangalore Zone, Federal Bank.
. The bank also plans to include 31 new branches in its Bangalore and Chennai zones. “Of these new branches, seven would be in Karnataka, three in Andhra Pradesh and one in Goa,” he said.
Bangalore zone has states namely Karnataka, Andhra Pradesh and Goa included.