Central Bank of India to open regional office in Sambalpur

Published: 21st March 2013 12:02 PM  |   Last Updated: 21st March 2013 12:02 PM   |  A+A-

Central Bank of India on Wednesday announced its plan to open a new regional office at Sambalpur in April. The new region in addition to the existing Bhubaneswar region would provide an impetus to expansion of the branch network in the western parts of the State, Executive Director (ED) Malay Mukherjee told mediapersons here.

The PSU bank is set to add three new branches at Barbil, Nuapada and Darlipali by March end that would take the branch strength to 97 in the State. Opening the new regional office would expedite the process of opening more branches in 2013-14 fiscal, the ED said.

Mukherjee, who is on a two-day visit to the State, inaugurated an outreach programme under financial inclusion at Bhingarpur under Khurda district on Wednesday. Around 111 smart cards were distributed along with Kisan Credit Cards to villagers and farmers of the panchayat.

He also inaugurated an on-site ATM at Nimapada and a credit camp organised by the branch there. About 170 sanction letters were distributed among the farmers.

The ED said the bank would be clocking a business of ` four lakh crore in the country by the end of 2012-13 fiscal earning a profit of at least ` 1,000 crore. In Odisha, it is set to achieve a business of ` 5,000 crore.

The bank is also set to open a representative office in Hong Kong soon. “We have already got the license to open the office in Hong Kong,” Mukherjee said.

Stay up to date on all the latest Odisha news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp