This was announced by Vysya Bank chairman and CEO K R Rammoorthy in the city on Friday. Under the new assignment, Bart would oversee Vysya Bank's corporate and retail banking and integrated treasury operations besides its information and technology division. He would also assist the bank in its new business initiatives, Rammoorthy said. BBL currently has an equity stake of Rs 33 crore (20 per cent) in the bank.

According to Rammoorthy, the bank will roll out its anywhere banking facility in the country by September 2000. To this effect, the bank was currently in the process of installing and testing the switch --which was bought from IBM --and required interfaces, he added. The bank also has plans to open four ATM counters in Bangalore.

The bank has launched two new schemes --VysSambandh and AccessPlus --meant for the retail market. VysSambandh would target household segment while AccessPlus would be meant for small and medium business enterprises.

Under VysSambandh, a customer need to open a premium savings bank account with a minimum balance of Rs 3,000 and also a time deposit of Rs 10,000.

AccessPlus is a current account designed for small and medium enterprises (SMEs) who require inter-city banking services. Under the scheme, with a single current account, the customer would have the facility to deposit collection and withdraw by cheque. Initially, the facility would be available in eight cities and later it would be extended to 25 select locations, Ramamoorthy added.