ING Vysya bank expands its network

ING Vysya Bank is expanding its network across the country. Recently bank has opened 11 ATM outlets in the state including 8 in Hyderabad and one each in Warangal, Khammam and Guntur. Bank will open four more branches in the state at Pedanandipadu, Kondapur, Shamshabad and Kothagudem and 7 additional ATMs in the next six months. After the opening of these branches, the total number of branches will be 176 branches and ATMs 66, spread across the state.

Uday Sareen country head-retail banking, speaking at a press conference said, Andhra Pradesh is a key market for the banks with 33 per cent of its distribution. The bank is doing a total business in the state of around Rs 8,000 crore.

Sareen informed that bank will be implementing the 'Smart Card' project in Chittoor and East Godavari districts and till now it has opened over 40,000 'no-frills accounts'. Bank has plans to open 56 more branches and 100 ATM outlets across the country, this year. Thus, it has increased its headcount by 450.