Karnataka Bank to expand service outlets in huge scale by 2020

Karnataka Bank aims at boosting its nationwide network of service outlets by 2020, making it big and strong. The company recently inaugurated its 707th branch at Tiruvallur in Tamil Nadu. The project titled ‘KBL Vision 2020’ aims to make the bank ‘big’ in terms of service outlets and customer base; ‘strong’ in terms of asset quality and sound financials; and ‘great’ in terms of customer experience and stakeholders’ rewards. The bank has projected total business of Rs 1.8 lakh crore by March 2020 with a service outlet of 3,500. This includes 1,000 branches and 2,500 ATMs. Signage players being engaged in projects in this sector (banking) must gear up to tap fresh business opportunity coming up with the mega expansion plan of Karnataka Bank.