Mangalore, June 14: To expand its presence in north-eastern part of the country, the Mangalore-based Karnataka Bank Ltd has opened a regional office in Kolkata in West Bengal. Mr P. Jayarama Bhat, Managing Director and Chief Executive Officer of the bank, told Business Line that the new regional office of the bank at Kolkata helps the bank to meet the requirements of the customers in north-eastern belt of the country. The Kolkata regional office was created after hiving off branches from Delhi and Hyderabad regions, he said. The new regional office covers West Bengal, Assam, Chattisgarh, Orissa, Jharkhand, and Bihar. Mr P.K. Jena, Chief General Manager of RBI, inaugurated the 10th regional office of the bank at Kolkata on June 13. Asked about the expansion plans in Kolkata region, Mr Bhat said the bank is planning to open branches in Rourkela, Joda and Bhubaneshwar in the coming days. “We will be applying for more licenses to open branches during the year,” he said. At present, West Bengal has nine branches, Orissa five, Chattisgarh four, Jharkhand two, and Assam and Bihar have one branch each. The bank is planning to take the total number of branches in the country from 481 to 500 by the end of this financial year, he added.
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