State Bank of India, Vijayawada branch will be setting up 125 ATMs and 15 new branches during 2008-09 as its extension plan. The region includes 205 branches in Krishna, Guntur and West Godavari districts. Earlier in 2007.08, the bank had opened 93 ATMs and 18 new branches.
Ravindra Joshi, module deputy general manager, informed the deposits of the division has increased by Rs 933 crore taking the total deposits to Rs 4,190 crore whereas advanced increased by Rs 1,241 crore, to Rs 5,920 crore.
He said the division gave Rs 342.89 crore loans for crop to 60,561 farmers. Then a sum of Rs. 12.61 crore had been given as advance to farmers for purchase of 507 tractors. The division helped in forming 1,211 rythu mithra groups and loaned them Rs 13.52 crore.
The bank has also go into contract farming under which it has given advance of Rs 18 crore to farmers in this regard while Rs 10.14 crore was advanced to dairy farmers. The small scale industries were given Rs 184 crore, while for housing loans it gave Rs 133 crore and education loans Rs 133 crore to 6,200 students. The bank has also 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 division have been networked under core banking. He informed the branches had adopted 337 girl students from weaker sections under "Adoption of Girl Child" scheme and contributed Rs 9.34 lakh for pursuing their education.
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