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Canara Bank has created new circle office and opened e-lounge at the temple town of Tirupati.
According to RK Dubey, CMD of the bank, the Tirupati Circle will be the 37th circle office of the bank and covers six districts of Andhra Pradesh and 63 branches – Ananatapur (22 branches) Chittoor (11), Kadapa (4), Kurnool (13), Nellore (5) and Prakasam (8) districts.
Dubey said the bank is planning to open two more circle offices in Vijayawada and Warangal.
The total business of the Tirupati Circle is around ₹3,994 crore consisting of ₹2,054 crore of deposits and ₹1,939 crore of advances.
The farm financing is to the tune of ₹1,304 crore, to the small and medium and enterprises ₹347 crore and to the priority sector ₹1,750 crore.
The bank also opened an e-lounge at Tirupati in the presence of VS Krishna Kumar, Executive Director of the Bank, GV Sambasiva Rao, Director, and local MPs and MLA of Tirupati.
As part of bank’s corporate social responsibility scheme, 20 sewing machines were distributed to women beneficiaries, who were identified and trained by RASS (Rastriya Seva Samiti), a reputed social service and voluntary organisation of Tirupati.
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