Sundaram BNP Paribas plans to foray into west, north

Sundaram BNP Paribas Home Finance is in the process of opening 15 new offices across the country as part of plans to expand into new geographies.

Sundaram BNP Paribas Home Finance is in the process of opening 15 new offices across the country as part of plans to expand into new geographies.

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The Chennai-headquartered company has opened an office in Kolkata (to enter into eastern region) and in the coming quarter it would open offices in Bhubaneshwar and Nasik stepping up its presence in Orissa and Maharashtra region, a company statement in Chennai said.

Sundaram Home Finance has recently opened up four offices in tier II cities in Andhra Pradesh and also two offices in Karnataka it said.

The company was in the process of opening up 15 new offices across the country, it said.

"While expanding into new geographies and establishing our presence in select national markets is part of the growth strategy for this year, we will continue to strengthen our presence in the Southern market..We expect Tier II and III towns in the South to be the major growth drivers for the business over the next 12 months..." Sundaram BNP Paribas Home Finance vice president and head (finance) G Sundararajan said.

The company said it was setting up new offices in Chennai, Bangalore, Hyderabad and Kochi the statement added.

Sundaram BNP Paribas Home Finance is 50.1:49.9 joint venture between Sundaram Finance and BNP Paribas.