15 April 2011
The state-owned Indian Bank, headquartered in Chennai, is going to open three more branches in Sri Lanka in the coming months, following the newly opened one in Jaffna (see more here).
Chairman and managing director T.M. Bhasin said the bank’s focus is on those areas where they can easily find Tamil clientele.
“Tamil speaking people are particularly very inclined towards our bank and we are also very close to them. So, we want to venture in those areas where many Tamil people are living. In Sri Lanka, many Tamils are there and we have very good business,” he said.
See the report in Sri Lanka’s state-owned Sunday Observer here.
Indian Bank has over 1,700 branches, the majority in Tamil Nadu (757) and Andhra Pradesh (230).
For the context, see also our earlier posts:
'India and Jaffna' (Jan 2011)
'Jaffna and the world' (Nov 2010).
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