SBI to add one more zone to Bangalore circle

27 Mar 2012 Evaluate

State Bank of India, (SBI) country’s largest public sector lender is likely to add one more zone to its Bangalore circle, which will help the bank to focus better on the zone which contributes to 7% of the circle's business.

At present SBI’s aforementioned circle has two zones Bangalore and Hubli. The accent is also on opening more branches in metros where growth and turnaround is faster. The bank has about 550 branches in Karnataka, and aims to take it up to 600 by next fiscal. Areas such as Chitradurga and South Canara will also be under focus for the bank.
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