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SBI New Branches in India: SBI to open 1,000 new branches in 2010

The State Bank of India (SBI) has plans to open 1,000 more branches across the country this year, SBI chairman O.P. Bhatt said Friday.

The bank had opened 1,000 branches last year and "this year too the same number of new branches are proposed to be opened", Bhatt said after inaugurating a Rural Self-Employment Training Institute (R-SETI) here.

The bank has over 17,000 branches in the country.

The R-SETI will train the unemployed youth of Jammu and Kashmir who want to start small businesses of their own.

"In these centres SBI will train unemployed youth, mostly from below poverty line families. They will be provided training for various vocations," Bhatt said.

He said the bank would set up R-SETIs in 10 out of 22 districts of the state within three years and hoped these centres would help bridge the rural-urban divide.

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