India's Corporation Bank mulls opening branches in southern Africa - report.

By bne IntelliNews July 11, 2011
India's state-run Corporation Bank plans to increase its overseas presence by opening branches in several southern African countries, the Hindu Business Line newspaper reported. The bank is exploring the possibility of opening branches in countries such as Kenya, Zambia and Botswana, the bank's chairman and manging director, Ramnath Pradeep, was quoted as saying. Corporation Bank, in which the Indian government owns a 57% stake, operates some 1,255 branches.

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