The Bank is offering highest Interest rate to the extent of 7.35% pa on Deposits for Senior Citizens for one-year period (6.85% pa to others) which is one of the highest among all the Public Sector Banks.Low Cost Deposits constitute 37.06% of total Deposits with improvement of 276 bps during FY 2022-23.Bank’s Business outreach further widened with total deposit accounts of about 67.64 lakh and loan accounts ofabout 16.10 lakh.Bank achieved a Deposit Level of Rs.19792 Crore & Advances level of Rs.21864 Crore as on.The Total Business of the Bank touched Rs.41656 Crores as on, with a quantum increase of Rs.2398Crore over the previous year.Bank has opened 996 BC outlets &98 ATMs, out of which 3 are Mobile ATMs, therebyincreasing its reach and accessibility to the populace.Bapatla and as on date 8 Regional Offices were set up for administrative convenience. Bank has a wide network of 552 branches spread over 10 districts namely 1.Anantapuramu, 2.

* Gross NPA is 1.35%, Net NPA is Nil &Provision Coverage Ratio is 100 % * Bank is having Net Worth of Rs.3789.26 Crores * Bank has earned net profit of Rs.595.15 Crores & Operating Profit of Rs.1072.23 Crores * Achieved business of Rs.41655.37 Crores It gives me great pleasure to place before you, the highlights of Bank’s performance during the financial year 2022-23 and thank the stake holders for their valuable guidance & esteemed customers for providing the opportunity to serve them & our employees whose work with dedication has helped to achieve the phenomenal results.

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