Live
- Deepam-2 Scheme Reaches 5 Million Beneficiaries in Three Weeks, says Nadendla Manohar
- Will RG Kar tragedy impact Bengal bypoll results?
- BGT 2024:25: Josh Hazlewood picks four as Australia bundle out India for 150
- BRS rallies support for Lagacharla ‘victims’
- COP29: Scientists, artists, faith leaders call for greater commitment to delivery of climate finance
- Woman donates liver to husband, saves life
- Mechanic Rocky Review: Thrilling Action Film with Twists and Great Performances
- Ponguleti Sudhakar Reddy rubbishes Rahul Gandhi's claims on Modi and Adani
- ‘We can’t take things for granted’: Jayasuriya on balancing formats and Sri Lanka’s path to WTC final
- Prakash Ambedkar ready to 'power' the winner in Maha polls - Mahayuti or MVA
Warangal: APGVB on the growth curve
K Praveen Kumar, Chairman, Andhra Pradesh Grameena Vikas Bank (APGVB)
Warangal: K Praveen Kumar, Chairman, Andhra Pradesh Grameena Vikas Bank (APGVB) said despite being a challenging year due to Covid-19 situation and...
Warangal: K Praveen Kumar, Chairman, Andhra Pradesh Grameena Vikas Bank (APGVB) said despite being a challenging year due to Covid-19 situation and lockdown, the bank was able to sustain the growth trajectory. He said that the bank has made necessary changes in lending and it proved fruitful.
The bank was able to double its business under the gold loan segment from 953 crore in 2020 financial year to 1,876 crore in 2021 financial year.
The bank has lowered its housing loan interest to 6.95% with attractive products to remain competitive in the market and to increase market share, he said. As on March 31, 2021, the bank's distribution network was at 775 branches.
In addition, the bank has 2,512 business correspondents (BC) as against 2,056 as of March 31, 2020. The transactions at BC points increased over 50% during the year.
Bank has deployed 9 Mobile ATM's during the year taking the count to 15 to help people transact during lockdowns which eliminates the need for the general public to visit the Branches.
Customers can conduct multiple operations using the mobile ATM and are also beneficial for creating financial awareness among the public, which will be operational at each location for a specific period.
