Cooperative Bank plans to open branches in Vijayawada, Guntur and Hyderabad

Friday, September 15, 2017 
Visakhapatnam

The Visakhapatnam Cooperative Bank having 46 branches in Andhra Pradesh and Telangana States will reach its 50 branches mark.

Addressing the media, Chairman of the bank Ch.Raghavendra Rao said that he bank was ranked top 20 urban cooperative banks in the country out of a total of 1574 banks. He said that the latest branch was opened at Rajamahendravaram. He said that the Reserve Bank of India has issued licences to open branches at Vijayawada, Guntur, Atchyutapuram in Visakhapatnam district and one more in Hyderabad.

Former Chairman of the Bank M.Anjaneyulu said policies of the NDA government were impacting the economy of the country and has proved to be disastrous for the banking sector with the NPAs reaching the highest level. He said that misinformation campaign was being carried out that the bank deposits have gone up after demonetization but the ground reality is otherwise, he said.