Minister for Secondary Education K. Parthasaradhi has asked the banks to work with social commitment to ensure the fruits of programmes meant for the poor reached them.
After formally inaugurating the Corporation Bank's new premises of its Suryaraopet branch, he said that the banks were not providing financial assistance to the poor. The vendors with small and medium business were left out and at the mercy of the money lenders as banks refuse to lend to these sections, he observed.
He accused the banks of not implementing the welfare programmes of the State and Central governments. The Minister wanted the Corporation Bank to open new branches at Thotlavalluru village in Krishna district and also at the Kanuru Industrial area.
In both the places, people were going to the money lenders taking money at high rates of interest, he added.
The bank Chairman and Managing Director Ramnath Pradeep, while promising to open the two new branches proposed by the Minister, said that the bank had proved itself in extending best services to the customers. He said that major portion of the bank's lending was towards the agriculture sector and it had focussed on the small and medium enterprises.
He formally handed over books to the Adavinekkalam village library as part of its social responsibility programme.
The bank deputy general manager D.M. Majumdar, said that they would work extra hours to provide locker facilities to the customers. The bank had also opened a housewives wing to help women visiting the bank for their transactions, he said. Similarly, he said that a representative of the bank would go to the senior citizen for their transactions. Vijayawada, Guntur, Tenali, Mangalagiri Urban Development Authority Vice-Chairman G.S.R.K.R.Vijaya Kumar and Laila Group Chairman Gokaraju Ganga Raju, also spoke. Bank assistant general manager N. Vimalanda and branch manager K.V.Rajkumar were also present.