Archive · 22 Jan 2026
Coastal Local Area Bank Opens 52nd Branch
The Coastal Local Area Bank opened its 52nd branch in Vijayawada.
The bank's chairman and other officials were present for the opening.
They plan to add more branches soon and extend their services to new areas.
The bank will also offer services until 6 PM, which is later than usual.
After the opening, they gave school bags, rice, and other important things to girls who live in an orphanage.
The bank wants to help farmers and regular people with their new plans and services.
Coastal Local Area Bank opened its 52nd branch near Hindu High School in Vijayawada.
The bank plans to expand to 55 branches by the end of the year and add 15 more next year.
With RBI approval, the bank will extend services to Prakasam and Vizianagaram districts in Andhra Pradesh and Khammam district in Telangana.
The bank is offering extended services until 6 PM to enhance customer convenience.
School bags, rice, and essential commodities were distributed to orphan girls of SKCV Children Trust.
- Who
- Coastal Local Area Bank, Chairman AN Appaiah, Managing Director B Venugopala Reddy, Director Nataraj, Regional Manager T Ramakrishna, Branch Manager AVN Krishnaprasad, Nalanda Educational Institutions Chairman A Vijaya Babu, Chief Operating Officer Hemanth Kumar, SKCV Children Trust
- What
- Opening of the 52nd branch, plans for expansion, extended banking hours, charity distribution
- When
- Wednesday (specific date not mentioned)
- Where
- Vijayawada, Andhra Pradesh, India
- Why
- To provide essential services to farmers and the public, enhance customer convenience, and expand the bank's network
- Bank Name
- Coastal Local Area Bank
- Branch Location
- Near Hindu High School, One Town, Vijayawada
- Current Branches
- 52
- Planned Branches by Year-End
- 55
- Additional Branches Next Year
- 15
- New Service Areas
- Prakasam, Vizianagaram (Andhra Pradesh), Khammam (Telangana)
- Extended Banking Hours
- 6 PM
- Charity Event
- Distributed school bags, rice, and essentials to orphan girls