Ongole: SBI Amaravati Circle to achieve 2 lakh crore loan target

Ongole: State Bank of India Amaravati chief general manager Mani Palvesan announced that they are about to reach the target of disbursing Rs 2 lakh crore loans in the circle by next month. He was the chief guest for various programs held in Ongole on Wednesday.

The CGM has donated a van to the school being run by the Shirdi Saibaba Charitable Trust in Ongole as part of the CSR initiative and interacted with the students. Later, he inaugurated the new premises for the Bapuji Market Complex branch and the regional office in the town.

Palvesan said that the Ongole region is an important and one of the biggest regions in Amaravati Circle. He said that the SBI is the bank that giving priority to agriculture loans and will continue to same. He announced that they set a target of distributing Rs 2 lakh crore loans in the financial year through the 1388 branches in the state and would achieve it easily by next month

The deputy general manager V Premji said that they would be opening a new branch in Ardhaveedu in Prakasam district in a few days.

The bank chief managers D Venkateswarlu, P Harihara Prasad, P Krishnamurthy, CA Sankar, Veeraiah, coordinator K Janakiramaiah and others were present