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Coastal Bank opens branch in Akiveedu
The Coastal Bank opened its 48th branch in Akiveedu on Thursday. The bank branch was inaugurated by local eminent person Gottumukkala Srinivasa Raju, West Godavari District Rice Millers Association Vice President Chunduru Venkatrao and Srikanth International Prawn Exports chairman Nerella Venkata Rama Mohan Rao.
Akiveedu: The Coastal Bank opened its 48th branch in Akiveedu on Thursday. The bank branch was inaugurated by local eminent person Gottumukkala Srinivasa Raju, West Godavari District Rice Millers Association Vice President Chunduru Venkatrao and Srikanth International Prawn Exports chairman Nerella Venkata Rama Mohan Rao.
The Coastal Bank Promoter Director, Dr Jayaram Chigurupati, speaking at the inaugural meeting, said that the bank would give loans to the farming community, local traders and professionals, under various schemes. Bank General Managers D Jagapati Raju, N Sambasiva Rao, Akiveedu Branch Head KL Naresh participated in the inaugural programme.
The bank’s Promoter Director said that the bank has 47 branches in Andhra Pradesh in five districts. At present, the bank have 3.22 lakh customers. It has done a total business of Rs 760 crore. The Bank is going to open two more branches at Tuni (East Godavari), Duvvada (Visakhapatnam district), he added.
