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Tuesday, Aug 23, 2005

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South Indian Bank plans to open arms in W. Asia

Our Bureau

Coimbatore , Aug. 22

SOUTH Indian Bank has relocated its Saibaba Colony branch in the city to a more spacious building.

Presiding over a function, Mr V. A. Joseph, Chairman and CEO of South Indian Bank, said that the bank has decided to strengthen its focus on serving NRIs. SIB is planning to set up offices in West Asia, he said, adding that exclusive products have been rolled out for the NRI community.

On Coimbatore region's performance, he said, "At present, this region is handling a business volume of Rs 1,300 crore, but is poised to reach the Rs 1,500-crore mark by the end of the current fiscal." The bank is targeting a business volume of Rs 25,000 crore by 2008.

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