State Bank of India (SBI), the country’s largest bank’s total business in state of Andhra Pradesh has surpassed Rs 1.25 lakh crore as on August 31. The bank’s standalone deposits had stood at over Rs 12.57 lakh crore and the net advances were at over Rs 10.60 lakh crore as on June 30 this year.
The bank currently has 1,459 branches in the state and plans to inaugurate 16 more branches, including four more in coastal city, by March 2014. The bank has also planned to open 25 more automated teller machines in Vishakapatnam over and above the present 167.
Besides, the market share of the bank in Visakhapatnam city, where it has 75 branches, was 30 percent in deposits and 25 percent in advances. On the retail lending side, its market share in housing loans in Visakhapatnam city stands at 35 percent and in car loans it was 28 percent.
The bank currently has 1,459 branches in the state and plans to inaugurate 16 more branches, including four more in coastal city, by March 2014. The bank has also planned to open 25 more automated teller machines in Vishakapatnam over and above the present 167.
Besides, the market share of the bank in Visakhapatnam city, where it has 75 branches, was 30 percent in deposits and 25 percent in advances. On the retail lending side, its market share in housing loans in Visakhapatnam city stands at 35 percent and in car loans it was 28 percent.
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