Karimnagar DCCB on expansion mode: TSCAB chairman

Karimnagar DCCB chairman Konduru Rao said that the new branches would be opened within two or three months in Koheda, Veernapalli, Manthani Mutharam, Bheerpur and Mallial Chandurthi to provide banking services in the interior villages.

Rajanna-Sircilla: The Karimnagar District Cooperative Central Bank (DCCB) will be opening five more branches in various parts of integrated Karimnagar district shortly in addition to the existing 67 branches. The opening of new branches is in accordance with the bank’s decision to its business target and be closer to its customers, especially the farming community.

The NAFSCOB, TSCAB and Karimnagar DCCB chairman Konduru Ravinder Rao along with CEO N Satyanarayana Rao 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.

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Speaking on the occasion, Mr Ravinder Rao said that the new branches would be opened within two or 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 opening 100 new branches in future 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 said. 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 the 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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