600 BRANCHES ARE TO BE SHUT DOWN BY CENTRAL BANK OF INDIA, SAYS REPORT
The bank is looking to reduce the number of branches by 600 by either shutting down or merging loss-making branches by the end of March 2023, according to the copy of a document reviewed by Reuters.
The Central Bank of India, a state-owned commercial bank, is planning to shut 13 per cent of its branches to improve its financial health, which has been under pressure for several years, according to a Reuters report.
The public sector commercial bank is looking to reduce about 600 branches which were under tremendous financial stress. The management will either shut or merge the loss-making branches by the end of March 2023, according to the report………………
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