NEWS & ADVICE : CAR LOANS
Visakhapatnam Coop Bank turns as largest coop bank in South
By Vaibhav Aggarwal
Jul 4, 2011
Print    Email    RSS   

Visakhapatnam Urban Cooperative Bank has come out to be the largest cooperative bank in the entire south India with its total deposits crossing the Rs 1000 crore mark.

The chairman of the bank, Mr M. Anjaneyulu said that the bank has emerged as "the biggest co-operative bank in South India in the category of scheduled and non-scheduled co-operative urban banks."

He added that it was a momentous occasion for the bank in its onward march." The bank would be completing 100 years in the year 2016. "By then, we want to raise our business mix to Rs 3,000 crore. Our present business volume is Rs 1,785 crore (deposits amounting to Rs 1,014 crore and advances Rs 771 crore)," he said.

It presently has a branch network of 20 branches spread across five districts of Andhra namely Visakhapatnam, Vizianagaram, Srikakulam, East Godavari, Prakasam and Ranga Reddy.

"We are shortly opening a branch at Tirupati by merging the Balaji Urban Co-operative Bank with our bank. We also have concrete plans to open six more branches during the current financial year," he added.

He however said that currently the bank had no plans to introduce ATM facility for its customers. "We are not averse to introducing new technologies or making use of them. But as a co-operative bank at the present juncture we do not need ATMs or internet banking. They will not be of much use to our customers. At a later stage, we may go in for these things," he said.


 


(Comments Posted : 1) Post Your Comments
1. Dear sir,

I need a job in your esteemed bank as am ex-Sr Manager in PN Bank and
experinced advocate with experience of
40 plus years.
Pl consider. ysn m urthy
ysn murthy (Posted: Mar 24, 2014)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Carnival of Indian Personal Finance Blogs #2
This is how a bank lends money
A Complete Guide on Car Loans for NRIs
Manage your loans, avoid recovery agents
Affects of Car Loan Default


DEAR SIR PLEASE SEND ME MY REPAYMENT SEDULE OF MY...
Hello I am looking to renew my car insurance and I...
my loan no
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...

NEWS THIS WEEK
SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive