Public sector lender Bank of Maharashtra (BoM) is planning to double its total business in Tamil Nadu to ₹10,000 crore in two years, said a top official.
“In December, BoM is opening three new branches at Theni, Dindigul and Chengalpattu. This year, pan- India, 150 branches are proposed to be opened of which around 20 are in Tamil Nadu,” A.S. Rajeev, MD & CEO, said.
BoM has also revamped its gold loan scheme and is expecting the portfolio to touch ₹3,000 crore by the end of FY21, he added.
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