Business Standard

Andhra Bank to expand in Naxal infested areas

Related News

has proposed to open at least five branches in southern Odisha districts, including three in Naxal infested Malkanagiri and Gajapati districts in this fiscal. While one branch is proposed to be opened at Malkanagiri, the other two branches will be set up at and Mohana in Gajapati district. The proposed areas are identified as Naxal-infested and underdeveloped. “We have proposed to open at least five branches in southern Odisha, the operating areas of our zone this year,” said zonal manager (Berhampur) of Andhra Bank A B Rama Krishan Rao. The bank has no branch in Malkanagiri at present. Malkanagiri recorded growth of 5.2 per cent during the period of 2005-06 to 2008-09, the lowest in the state, according to economic survey of the state government for 2011-12.

Read more on:   
|
|

Read More

SBI hikes interest rate by 0.25% on deposits of 3-5 yrs

In a surprise move, country's largest bank SBI today increased interest rates on select fixed deposits by 0.25 per cent.

Quick Links

More news from Finance Rss icon

E-cashless mode will gain traction in 2015: ICICI Lombard

Treatment costs were higher due to use of tertiary hospitals that increased from 43% to 49% in case of retail customers

'Rs 60k-cr investments needed for more insurance penetration'

IRDA's Vijayan said the investment calculations have been based on factors like GDP growth, inflation figures, rupee stability and production ...

SBI approves OTS for mining-affected borrowers in Goa

The bank has proposed 30% waiver on principle loan amount to the truck owners and 40% to the barge owners

Back to Top