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The Bank has started its operations in 1997 on 4th October as Unit Bank. The First Branch of the Bank has been opened during the year 1997 and thereafter, the Bank has set goals for itself and could meet such Landmarks year after year. Our Bank has emerged to the level of having its area of operation extended to entire state of Telangana with 16 branches all over and Rs.900+ Crs in Business turn over.
It is being done by a capable Management with potential in all fields of Business and Commerce. Three Professional Directors have been elected to the Board of Management to look after the Policy matters and economic status of the bank. This bank is registering a Growth always higher than the Annual Banking growth indices and also registering much lower percentage of Gross NPA which is only 0.87% in 2021-22 with Net NIL NPA. The net own funds of the Bank have crossed Rs.52 Crs thus making eligible to Undertake Collateralized Borrowal Lending operations. The other important aspects have been discussed in various related fields.
We place the highlights of the Bank’s performance over a period in brief in reference to the rating procedures being adopted by Reserve Bank of India to the Banking Industry.
Term deposits with accounts offering higher interest rate on savings bank deposits.Present SB interest is 3.50%. Min.Balance for SB account is Rs.1000/-Know More
We offers loans to Individuals, Proprietors, Partnerships, companies,etc. and is also able to structure tailor-made facilities.Know More
Offering high interest rates on term deposits.the interest on them are a good source of income.Know More
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