Business standard reports that SBI has started one more regional business unit in Bhubaneswar. Following are some excerpts.

As a part of the decentralisation process and to provide prompt and qualitative service to the customer, the State Bank of India (SBI) has set up one more regional business office in Orissa. With this the total regional business office of the bank has reached five in the state.

The new regional office will function under the Bhubaneswar zonal office of the bank. …

The new regional office will cover 6 branches in the Khurda district and eight branches of Nayagarh district along with 16 branches of the Bhubaneswar city.

Though to start with the bank will have 30 branches and 24 ATMs under its jurisdiction , two more branches are likely to be opened in that area taking the total to 32. While 16 branches are located in urban areas, 5 branches are located in semi-urban areas. Besides, 9 branches are located in rural areas.

Significantly, 23 branches out of these 30 branches have Core Banking Solutions (CBS) facility.

The new region has a deposit of Rs.748.55 crore and advance of Rs.569.39 crore as on May 2007. The decision to set up the fifth regional office is significant as SBI is the lead bank in both Khurda and Nayagarh districts.

Besides, the bank has initiated measures to implement financial inclusion in Nayagarh district. SBI has a presence at every nook and corner of the state and its branches are financial bigbazars, selling all the products under one roof.

The bank has 502 branches at present and 60 percent of the branches are located in rural areas. Subject to Reserve Banks permission, the bank intended to open 40 more branches this fiscal. SBI has taken several measures to improve customer care through business process re-engineering.

Besides, it is involved in various social activities of the state. …

SBI is the lead bank in 19 districts of the state.