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'2nd Farm Loan Reimbursement in a Week'

Published: 20th March 2015 06:00 AM  |   Last Updated: 20th March 2015 06:00 AM   |  A+A-

SRIKAKULAM:All the eligible persons would get their loan reimbursement amount credited to their accounts in a week as part of the second phase of farm loan waiver programme, announced Andhra Bank chairman-cum-managing director CVR Rajendran here Thursday.

The CMD said that Andhra Bank made Rs 2.71 lakh crore business till March and registered 2 per cent NPAs (non-performing assets). Loans to real estate and infrastructure have shown a decline in the last three years but it may increase now, predicted Rajendran. The CMD announced that a zonal office would be set up here for Srikakulam and Vizianagaram districts.

Rajendran visited Dr BR Ambedkar University and interacted with the students and faculty of the Commerce and Management department. He advised students to prepare for banking sector jobs by gaining knowledge. He lauded the financial initiatives of the university as part of students’ field work and promised financial assistance for the establishment of Centre for Financial Inclusion in the university.

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