Monday, April 1, 2013

Cosmos Co-op Bank plans 27 new branches

The Cosmos Co-operative Bank, India’s second biggest in its segment after Mumbai-based Saraswat Co-operative Bank, is planning to open 27 new branches in Maharashtra, Gujarat and Andra Pradesh to increase business, a top official said. “We have received permission from the Reserve Bank of India (RBI) to open 18 new branches and upgrade the existing nine extension counters into new branches,” Krishnakumar Goyal, chairman at Cosmos Co-operative Bank told Financial Chronicle. He said the bank will open 14 new branches in Maharashtra, four in Gujarat and two in Andra Pradesh in this financial year 2013-14. The location for seven more branches will be decided later, he said.............

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