Karimnagar DCCB on expansion mode: TSCAB chairman

Sets a target of doing Rs 5,000 crore business this year 

Five new bank branches to be opened in next three months

Total 100 branches in near future for close proximity with farmers

 

K M Dayashankar

 

RAJANNA-SIRCILLA:  The Karimnagar District Cooperative Central Bank (DCCB), which is on an expansion mode to increase its business target and reach the close vicinity of the customers especially the farming community, has decided to open additional five new bank branches to already existing 67 branches in various parts of integrated Karimnagar district very soon.

 

Accordingly, NAFSCOB, TSCAB and Karimnagar DCCB chairman Konduru Ravinder Rao along with CEO N Satyanarayana Rao had performed groundbreaking ceremonies for the construction of new bank branches in Avunuru village Mustabad mandal and Boinpally mandal headquarters in Rajanna-Sircilla district, Tadicherla in Jayashankar-Bhupalapalli district and Eligaid in Peddapalli district on Wednesday.

 

Speaking on the occasion, Mr Ravinder Rao said that they would open five new branches within next two to three months in Koheda, Veernapalli, Manthani Mutharam, Bheerpur and Mallial Chandurthi to provide banking services in the interior villages. He said that they were also contemplating to open a total of 100 new branches in the days to come to help the farming community of the integrated Karimnagar district.

 

With the government providing Rythu bandhu, Rythu Bheema and the procurement of farm produce, the setting up of bank branches at the close proximity of the farmers would be of immense help for their financial activities, he stated. Along with providing better services at the door step of the customers, the bank had decided to achieve its target of doing business turnover of Rs 5,000 crore during the financial year 2021-2022, he maintained.

 

The Karimnagar DCCB was according priority to the farmers and also general public in extending financial assistance for housing, education, vehicles and other requirements. General manager B Sridhar and others were also present.

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