In a celebratory ceremony, The Visakhapatnam Cooperative Bank Ltd marked a significant expansion by inaugurating its 51st branch in Sheelanagar, Visakhapatnam on June 20, 2024.
This new branch, the first of five approved locations, is the bank’s first opening in six years and heralds a new era of accessibility and service in both residential and industrial areas of the region.
The ribbon-cutting was presided over by the bank’s former chairman and former NAFCUB Director Shri Manam Anjaneyulu. The event was also attended by current Bank Chairman and NAFCUB Director Shri Chalasani Raghavendra Rao, alongside other cooperative bank chairmen and local dignitaries including Shri M Venata Ratnam, Sri K Atchyutha Rama Rao, Sri K Rambabu, Sri M R Krishnam Raju, Sri K Srinivas Reddy, and Sri Adari Anand.
The branch boasts advanced facilities and services designed to enhance customer experience and streamline operations. It represents a step forward in the bank’s commitment to bringing modern banking amenities and personalized financial services to a broader audience. The inauguration also underscored the bank’s commitment to cooperative values, emphasizing integrity, innovation, and community engagement.
This expansion is part of a broader strategy to increase the bank’s footprint, with additional branches set to open in Chittoor, Bapatla, Narsaraopeta, and Tadepallegudem within the year. The Visakhapatnam Cooperative Bank Ltd is committed to fostering prosperity in every community it serves, aiming to be a trusted partner in the financial journeys of individuals and businesses alike.
The opening of the 51st branch not only signifies growth but also the bank’s enduring commitment to customer satisfaction and community development, marking a new chapter of opportunity and cooperative empowerment for the region.