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BANKING

A total of 15 banks are functioning in our district with 77 branches operating spread throughout the district. Three major banks comprising SBI, Union bank of India and APGVB constitute to 56 branches. Our District has 8 Public sector banks , 5 private Sector banks, one Regional Rural Bank and one District Co operative Bank.
Public sector banks constitute 39 branches. State Bank of India has 19, union bank of india – 12, Indian overseasbank – 1, Bank of baroda – 3 , and others uco bank -1 , Punjab national bank -1 , canarabank -1 ,cenral bank of india -are represented by one branch each.
. District Cooperative central bank has got 3 branches. Among Private sector banks, ICICI has 2, HDFC – 1, KBS Local Area bank– 2, Axis Bank and Karurvysyabank are represented by 1 branch each

Categorisation of Branches as on 30-09-2020

BANK NAME

BANK TYPE

RURAL

SEMI URBAN

URBAN

TOTAL

Union bank of India

PSB

9

3

0

12

CANARA BANK

PSB

1

0

0

1

CENTRAL BANK OF INDIA

RRB

1

0

0

3

INDIAN OVERSEAS BANK

RRB

1

0

0

1

PUNJAB NATIONAL BANK

PSB

1

0

0

1

STATE BANK OF INDIA

PSB

10

9

0

19

UCO BANK

PSB

1

0

0

1

BANK OF BARODA

PSB

3

0

0

3

PUBLIC SECTOR BANKS TOTAL

PSB

27

12

0

39

axis bank

PVT

0

1

0

1

HDFC BANK

PVT

0

2

0

2

ICICI BANK

PVT

2

1

0

3

KARURVYSYA BANK

PVT

0

1

0

1

KBS LOCAL AREA BANK

PVT

0

1

0

1

PRIVATE SECTOR BANKS TOTAL

PVT

2

6

0

8

COMMERCIAL BANKS TOTAL

Pvt

31

24

0

55

D.C.C BANK

RRB

1

4

0

5

Co-OPERATIVE BANKS TOTAL

RRB

1

4

0

5

AP GRAMEENA VIKAS BANK

RRB

19

6

0

25

REGIONAL RURAL BANKS TOTAL

RRB

19

6

0

25

 

 

49

28

0

77