The Andhra Pradesh State Cooperative Bank has embarked on an expansion program. It has moved into new areas to develop its business further.
The bank has established its three branches. The president of the bank opened these branches in an official ceremony.
The bank has netted over hundred crore as profits in 2011-12. Its annual turnover surpassed 10 thousand crore and deposits worked out to more than 3 thousand crore.
A flyer distributed by the bank claims the bank has extended crop loans worth 7 thousand crore and investment credit to the tune of Rs. 5 hundred crore.