VISAKHAPATNAM: District collector N Yuvaraj inaugurated the 83rd branch of State Bank of India at Kapparada in Kancharapalem here on Thursday.
The new branch also has an e-Corner. On the occasion, the collector said: “The newly opened branch is highly helpful to cater to the financial needs of lower and middle income groups in the village.”
He appealed to the public to make use of the services rendered by the SBI as the Bank is opening accounts to all sectors of society like Jan Dhan to SME segment accounts. State Bank of India DGM AK Pandit said that the Kapparada branch would be helpful to small businessmen like grocers and general stores and also the SME customers who avail of MUDRA loans.