State Bank of Hyderabad (SBH) opened a new branch at Sankarambadi Circle on Tiruchanur Road in the city on Wednesday, which incidentally is the 1000th branch in Andhra Pradesh.
TTD chairman Kanumuri Bapiraju formally inaugurated the branch by lighting a lamp. He indicated to the commercial banks to focus on horizontal spread and reach out to more customers. He received the key of the ambulance ‘ICU on Wheels’ presented by the bank to the TTD management.
Referring to the ‘misplaced belief’ that the bank was concentrated more in Telangana region, SBH managing director M. Bhagavantha Rao announced that the establishment of the 1000th branch at the holy feet of Lord Venkateswara was to reaffirm to the customers its pan-Andhra Pradesh presence.