Date:22/09/2007 URL: http://www.thehindu.com/2007/09/22/stories/2007092252870300.htm

Andhra Pradesh

Coop bank in expansion mode

Kakinada: The Kakinada co-operative town bank will shortly open a branch in Rajahmundry, according to its chairman M.V.V. Satyanarayana Rao. The bank now has 11 branches, four outside Kakinada. The deposits have crossed the Rs.100-crore mark. The bank has earned a net profit of Rs.1.73 crores. – Correspondent