How many branches and ATMs need to be closed after the merger because of redundancies?

How many branches and ATMs need to be closed after the merger because of redundancies?

Do you have any numbers on how many staff attrition needs to done, how many branches and ATMs need to be closed after the merger because of redundancies?  The specific numbers are still a work in progress. There is no question of closing down ATMs and branches. But optimisation will definitely take place. For example, there are 5-6 branches in the same building in some locations. So that type of optimisation is definitely going to happen. Similar is the case for administrative offices and local head offices. There will be savings on account of less people required. But the attrition will happen in a normal course because every year 13,000 people retire. And how much we need to replace will depend on the synergies from the merger. We are investing a lot of money on digitisation of many processes. So we would like to enhance the productivity of the employees in terms of business per employee and profit per employee..

Source:TheHinduBusinessLine