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BANGALORE: The Punjab National Bank (PNB) has formed a new zone for Karnataka.

The zone would comprise 44 branches and 7 extension counters, according to Mr P.K. Sharma, Zonal Manager.

Mr Sharma said more branches would be opened in the State within this zone.

Karnataka currently has a total deposit of Rs 1,464 crore and advances of Rs 1,852 crore.

This translated into a credit deposit ratio of 125 per cent.

He said currently 25 branches in the State came within the purview of the banks' core banking solutions.

The remaining branches would also be brought within CBS, he added.

CBS allowed customers to access their respective accounts from any branch in the country.

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