Visakhapatnam Cooperative Bank turnover crosses Rs.6000 crore

According to its chairman Chalasani Raghavendra Rao, the bank business was Rs.6,048 crore including Rs.3,680 crore deposits and Rs.2,368 crore advances.

By Author  |  Published: 2nd Jul 2020  4:46 pm

Visakhapatnam: The 104-year old Visakhapatnam Cooperative Bank, the largest in south India, has reached yet another milestone crossing a turnover of Rs.6,000 crore on June 30 this year.

According to its chairman Chalasani Raghavendra Rao, the bank business was Rs.6,048 crore including Rs.3,680 crore deposits and Rs.2,368 crore advances.

The bank, with a membership of 88,185, has 50 branches in the two Telugu states and occupied 18th place among urban cooperative banks in the country, he said.


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