Date:30/06/2006 URL: http://www.thehindu.com/2006/06/30/stories/2006063002121801.htm

Business - Briefly

SBI Life's expansion plans

BANGALORE: SBI Life Insurance has chalked out expansion plans by enlarging its branch network from 58 to 150 across 113 cities by the end of the current fiscal. In line with its continued commitment to growing the customer base, the company on Thursday announced the opening of two new offices in Karnataka at Bangalore and Mangalore. Inaugurating the new office in Bangalore, S. Krishnamurthy, Managing Director and CEO, SBI Life, said, "Our focus is to penetrate deeper by gradually increasing our manpower and through stronger marketing and awareness campaigns." The company also plans to expand its presence in Mysore, Belgaum, Hubli and Dharwad in the coming months, he added.