NEW DELHI: Country's second-largest lender ICICI Bank will add 400 more branches and expand its ATM network by another 1,000 in the current fiscal to boost business from retail operations. Keeping this in mind, we plan to add around 400 branches this fiscal. "We believe that a wide branch network is a cornerstone in retail banking. In fact, our branches, in their advisory role, source over half of our home loan and new cards customers. "Today, over a third of all financial transactions are done through ATMs," Kochhar said.ICICI Bank had said in the previous fiscal it added 400 branches to its network, which is equivalent to the branch network of a small bank.As of March 31, 2016, the ICICI Bank said it had the largest retail network among private sector banks in the country with 18,216 branches and ATMs.

Source: Economic Times July 03, 2016 07:07 UTC