Visakha Cooperative bank became largest urban bank in South India

Visakhapatnam Co-operative Bank held a press conference to mark the 103 years since its inception

Hyderabad: Chairman Chalasani Raghavendra Rao said that the Visakhapatnam Cooperative Bank became the largest urban bank in South India.

Visakhapatnam Co-operative Bank held a press conference to mark the 103 years since its inception.

Chalasani Raghavendra Rao, Chairman, Visakhapatnam Co-operative Bank said that Visakha Cooperative bank has become the largest urban bank in South India.

He said the bank is planning to expand its branch network in the future and serve clients better at home.

For the financial year, 2018-19 Visakhapatnam Cooperative Bank has declared a net profit of Rs 37.23 crore and declared dividends of Rs 23.70 crore from profits. "We are not limited to banking executives, we are providing risk and health insurance services to bank members," he said.