SBI-Vijayawada to open 15 new branches

Ravindra Joshi, module deputy general manager, said the deposits of the module had grown by Rs 933 crore taking the total deposits to Rs 4,190 crore. Advanced increased by Rs 1,241 crore, to Rs 5,920 crore.

He said the module gave Rs 342.89 crore crop loans to 60,561 farmers. A sum of Rs. 12.61 crore had been advanced to farmers for purchase of 507 tractors. The module took the initiative in forming 1,211 rythu mithra groups and loaned them Rs 13.52 crore.

The bank has also entered into contract farming and advanced Rs 18 crore to farmers in this regard while Rs 10.14 crore was advanced to dairy farmers. The small scale industries received Rs 184 crore, while housing loans stood at Rs 133 crore and education loans Rs 133 crore to 6,200 students. The bank financed 17,830 women self-help groups (SHGs) with Rs 178.30 crore. It advanced Rs 15.35 crore to 2,922 weaker section people.

All the branches in the module have been brought under core banking. He said the branches had adopted 337 girl students from weaker sections under "Adoption of Girl Child" scheme and donated Rs 9.34 lakh for pursuing their education.