RBI approves the setting up of nine new branches of Gayatri Bank

Jagtial Aug 3 (THE SOUTH INDIA TIMES): Vanamala Srinivas, CEO of Gayatri Bank, dis- closed that the permission of the Reserve Bank has been received for the establishment of nine more branches under the Gayatri Co-operative Urban Bank. Speaking in a press conference on Wednesday, he said that among the co-operative urban banks in the country, Gayatri Co-operative Urban Bank has occupied the 4th position in the country with a business of Rs.2047 crores Srinivas said that in this financial year, there are 6.50 lakh customers with deposits of Rs.1206 crores and loan balance of Rs.841 crores and business of Rs.2047 crores While Gayatri Bank is serving with 23 branches across the state of Telangana and Andhra Pradesh, Reserve Bank of In- dia has given permission to set up 9 new branches in this financial year While the second branch will be set up in Jagtial and Karimnagar districts of Telangana state, 9 new branches will be set up in Godavarikhani in Peddapelli district, Warangal in Warangal district, Kothi, Banjara Hills, Jubilee Hills, LBnagar and Vidyanagar in Hyderabad district Srinivas said that for the last 22 years.