The Bank of India plans to open 150 branches shortly taking its presence to a total of 4,000 branches by the end of the year, according to Rakesh Sethi, General Manager, National Banking Group (South) of Bank of India.

“At present, there are 3,850 branches of the bank. We have 24 branches abroad and five representative offices,” he told The Hindu shortly after inaugurating the bank's branch at Tirupattur on Thursday.

“Our total business mix at the moment is Rs. 5,45,000 crore,” he said. Pointing out that the bank's primary priority was the customer, Mr. Sethi said they had done verticalisation accordingly in a way that retail, SMEs and professionals came under the retail segment, then the mid-corporate segment and large corporate segment so that each customer was catered to.

“Our main focus is on more customer acquisition. This year, we have opened 56 lakh new savings bank accounts up to February,” he said.

The newly-opened branch at Tirupattur would provide locker services, all loans and deposit services, internet banking and ATM debit cards, he added.

National Banking Zonal Manager, Chennai Zone Rajiv Kumar Gupta said the new branch at Tirupattur has already got 500 accounts.

V. Chidambarakumar, Head-Marketing, Bank of India, Zonal office-Chennai, and K. Jeyaveeran, branch manager of Tirupattur branch, spoke.