Mumbai, March 31 Private sector lender RBL Bank announced on Tuesday that it plans to open 200 branches in FY27 to expand its network to over 800 branches.
The lender launched 23 new branches across various states on Tuesday, bringing its total branch size to over 603, according to a statement.
Targeting the diaspora-related business, the bank said that 13 of the 23 newly opened branches are located in Kerala, the statement said.
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Niyo aims to increase its market share in the outbound forex market to 10-15% over 18 months
* Fintech firm Niyo stated that it aims to increase its share in the country's $45-billion outbound forex market to 10-15% over the next 18 months, and is strengthening its distribution network with this objective in mind.
The company aims to increase the number of branches to 50 across the country, and launched an outlet in Chennai, which has strong diaspora connections, on Tuesday, according to a statement.
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DBS India launches 'DBS Aspire' for the emerging affluent segment
* DBS India, the local unit of the Singaporean lender, launched a new product for the emerging affluent segment on Tuesday.
'DBS Aspire' comes with a range of features, and is open to those with a total relationship value of INR 10 lakh or a minimum average monthly savings account balance of INR 2 lakh, the company stated in a press release.