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L.N. Revathy

Coimbatore , July 5

The Tiruchi zone of State Bank of India, comprising 141 branches across 9 districts, has been recognised a "happening zone" of the bank, according to its Deputy General Manager, Mr. R. Kuppanna.

For the year ended March 2006, the zone achieved a total business of over Rs 7,000 crore, recording a profit of 28 per cent year-on-year. Deposits grew by Rs 697 crore to Rs 4,073 crore, while advances increased to Rs 3,089 crore during the year.

Mr Kuppanna said the agri-advances alone grew by Rs 399 crore, representing a 173 per cent increase and surpassing the budgeted levels.

Stating that the zone had set the trend by implementing the management's initiatives with regard to enhancing branch ambience and computerisation of branches, he said 37 of the 141 branches in the zone was hooked to the Core Banking Solutions platform leaving the rest to be brought within the CBS-fold by March 2007.

More Stories on : Public Sector Banks | Tamil Nadu | State Bank of India

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