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Sri Lanka's Bank of Ceylon plans to open about 8 more branches in India

Chennai: Sri Lanka-based Bank of Ceylon plans to open about eight more branches in India, the foreign lender's Chairman Gamini Wicramasinghe said.

"We are going to places outside Sri Lanka and India is on top of our focus area," Wicramasinghe said during the inauguration of the bank's new premises in Chennai city. The bank has been functioning in Chennai since 1995, he said.

About six to seven branches will be opened in the southern region of country and one branch will be opened in Varanasi city, which is visited by lots of Sri Lankan pilgrims, he said.

Moreover, the Sri Lankan bank also plans to launch several ATMs (automated teller machines) and introduce internet banking services to its clients in India, he added.

India has 38 foreign banks, including the likes of Standard Chartered, HSBC, Woori Bank, Rabobank International and Industrial and Commercial Bank of China operating via their 312 branches in the country.

Copyright Contify.com

Quiz: How well do you know India's economy?

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