ICICI Bank aims to add 450 retail branches this fiscal

ICICI Bank is planning to add 450 new branches this financial year, expanding its retail network in India. Of these 450, 320 branches have been made operational for customers. ICICI Bank has crossed the milestone of 5,000 retail branches this financial year. 

The bank said that another set of 130 branches will also be customer-ready by the end of the current financial year.

Now, ICICI Bank has a wide network of over 5,190 branches, extension counters and automated teller machines (ATMs) across the country. The bank’s early half of the branches are in rural and semi-urban areas to facilitate financial inclusion in the country.

Anup Bagchi, Executive Director, ICICI Bank, said, “Our strategy is to set up branches wherever business activity emerges. In line with this strategy, we have chalked out a plan of setting up around 450 branches this fiscal in fresh catchments and micro-markets where economic activity is present.”

“We believe that a wide branch network continues to be important for retail banking. It helps deepen the relationship with the customer by serving them a wide range of products and offerings,” he added.

The bank branches provide consultation and guidance to customers for all kinds of banking requirements like mortgages, business banking, other loans and investments.