Vysya Bank to wire 240 branches

Hyderabad: Vysya Bank would interlink over 240 of its branches through a wide area network by June next year to facilitate easy transactions by its customers. The bank has already hooked up 160 branches to the central server at Bangalore. The bank''s managing director Bart Hellemans told reporters here on Monday, "With this technology the customer does not belong to just a branch but to the bank as a whole, and (the customer) is able to utilise the benefits of ATM banking services”.

He said the bank has already installed 34 ATMs in different parts of the country and 26 more ATMs would be opened by March 2003.

The bank has over 470 outlets, including 100 in rural areas, with deposits of over Rs 8,100 crore and advances of Rs 4,420 crore, the bank official said.