IDBI Bank to expand network ,enter MF business

IDBI Bank plans to expand its network both in domestic and overseas markets,and entering into areas like mutual fund ,private equity and credit information bureau.
The bank plans to add 200 new branches with the existing branches of 503.
The bank plans to open branches in Singapore,Dubai,London and Bahrain,approvals being waited from the respective countries.RBI has been approached for the new ventures.For mutual fund ,IDBI is talking with few foreign players.
IDBI has signed with CARE for 50:50 credit information company with initial capital of 2 crores.
These details are are disclosed by the cmd ,Yogesh Agarwal on the sidelines of FICCI organised banking conclave.