The Hindu Business Line : BoI plans more ATMs in AP

VISAKHAPATNAM: Bank of India, Visakhapatnam zone, is planning to set up five more ATMs, one each at Visakhapatnam, Kakinada, Tadepalligudem, Rajahmundry and Vijayawada this year.

This was stated by Mr K. Subrahmanyam, Zonal Manager of the bank, while reviewing the performance of the zone at a press meet here on Tuesday.

He said the deposits of the bank in the zone amounted to Rs 403 crore and the advances Rs 500 crore. The priority sector lending amounted to Rs 275 crore and the retail lending Rs 138 crore. The export sector was given Rs 44 crore. The zone achieved an operating profit of Rs 22.36 crore.

During the current year, the bank would lend Rs 100 crore to the farm sector through the 45 branches and 3 extension counters in the zone.

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