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SBI to open 100 new branches in State

Staff Reporter
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900 ATMs will be established soon, says General Manager

New facility:Collector K. Maharabushanam inaugurates State Bankof India’s new branch at Salem Collectorate on Friday.— Photo:E. Lakshmi Narayanan
New facility:Collector K. Maharabushanam inaugurates State Bankof India’s new branch at Salem Collectorate on Friday.— Photo:E. Lakshmi Narayanan

State Bank of India will add 100 new branches to the existing 900 branches in the State soon, said S. Krithivasan, General Manager, SBI, Local Head Office, Chennai.

Mr. Krithivasan told reporters here on Friday that SBI has 2,200 ATMs across the State and 900 ATMs would be established soon. With growing demands for banking sectors, SBI would establish 100 branches, mainly in rural areas.

He added that SBI was contributing to the overall economic development of Salem district through its 32 branches, 11 in rural, 11 in semi-urban areas, and 10 in urban areas, spread across the district.

A total of Rs.741.70 crore was distributed for agricultural activity till June 2012, in which Rs.677.46 crore was disbursed as agricultural crop loan. Under the Financial Inclusion Plan, SBI has covered 61 villages that do not have any banks and banking services were provided through Business Correspondents, he added.

Eight more branches are to be opened in the district of which six in rural and two in urban. The present level of deposits with SBI here is Rs.1,620 crore and advances Rs.1,687 crore, Mr. Krithivasan added.

A total of Rs.100 crore has been fixed for providing credit under the New Kissan Credit Card Scheme and Rs.28 crore for Micro, Small and Medium Enterprises (MSME).

Collector K. Maharabushanam inaugurated the 32nd branch at the Collectorate in the presence of Sandeep Seth, General Manger, SBI, Zonal Office, Coimbatore, A.R. Ganesan, Regional Manager, SBI, Regional Business Office, Salem and C. Baskaran, Branch Manger, SBI Collectorate branch.

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