Staff Reporter

Srikakulam: General Manger, State Bank of India, Sunil Pant has called upon employees and officers to tap the huge market potential in rural areas by taking advantage of the goodwill the bank enjoys among the people and serve the rural community.

Addressing the personnel on the bank’s branch premises located at Ramalakshman junction on Friday, Mr. Sunil said that the bank should strive to expand its base in villages where banking services were still not within the reach of the rural populace. He stated that the potential of rural customers should not be underestimated. They were now more aware about investment plans and beginning to invest in several businesses as never before.

He asked the bank managers to extend loans to good and profitable schemes and thereby encourage healthy and viable business plans.

‘Targets achieved’

Branch Manager C. Koteshwara Rao stated that the branch was only eight months old, and during the short span it was able to surpass its target vis-À-vis deposit mobilisation, advances and profit.

Against the target of mobilising deposits of Rs.54.16 lakhs, it had achieved Rs.104 lakhs. It’s advances stood at Rs.37.464 lakhs against the target of Rs.23.284 lakhs. The bank earned a profit of Rs.1,123 lakhs against the target of Rs.805 lakhs. “The bank is known for its good performance, excellent service and customer-friendly reception,” he said.