Srinivasa Rao is Syndicate Bank's Vizag regional manager

Visakhapatnam: The regional office of Syndicate Bank appointed N Srinivasa Rao as the manager of Visakhapatnam region which includes branches in Srikakulam, Vizianagaram and Visakhapatnam districts. A press conference was held on Thursday in the city.

Speaking on the occasion, Srinivasa Rao said that his objective was to double the bank's business within the next one year. He informed that his primary focus will be on Visakhapatnam City and main thrust is on infrastructure, real estate, pharma companies, cement and other industries. He said that at present the region's business is Rs 1,420 crores comprising Rs.850 crores as advances and Rs.570 crores as deposits.

He mentioned that after conducting surveys, branches would be opened in Palasa, Palakonda, Parvathipuram apart from Naval Dockyard and Steel Plant branches. Senior Manager P S N Murthy and Chief Manager G S N M Prathap were also present.