Managing Director and Group Executive, National Banking Group, State Bank of India, A. Krishna Kumar on Tuesday laid foundation stone for a new branch building on the premises of Acharya Nagarjuna University at Nagarjuna Nagar here.

Mr. Kumar said that the new branch would cater to the needs of students and staff members of the University.

SBI Chief General Manager Rakesh Sharma, Vice-Chancellor of ANU K. Viyyanna Rao, SBI General Manager A.N. Appaiah, GM G. K. Kansal, Deputy General Manager, SBI, Guntur, Sanjukta Raiguru were present.

Branch Manager, Nagarjuna University campus branch, Sikata Guru presided over the meeting. She said that the new branch would have locker facility, self-banking kiosk, ATM, etc keeping in view the customer requirements.

As a special gesture, the MD donated five ceiling fans to Mandal Parishat Primary School, Nambur.