Reported by: banking|Updated: August 7, 2018
Jagtial, Telangana-based Gayatri Cooperative Urban Bank intends to have 100,000 new customers in 2018-19 and it has introduced several new facilities and products in order to achieve this. The bank’s MD & CEO Vanamala Srinivas outlined these initiatives stating the bank has been able to achieve considerable growth in the number of accounts. “For the convenience of the new customers, we provide the facility to take photographs and copies of documents at our own branch premises so that account opening is an effortless process. There are no extra charges for these services. We have also been providing safest locker facility to our customers without any caution deposits. Our banking timings are from 10 am to 7 pm,” says explained to Banking Frontiers.
Srinivas said the bank has been able to reach a premier position without having to compromise the spirit of cooperative principles even as it was able to assimilate and implement newer methods of work organization and management. It never wavered from its commitment to its objectives. The bank has been providing numerous technology-based services like mobile banking, RTGS, NEFT, NACH, ATM, RuPay debit card and toll-free banking.
Gayatri Cooperative Bank has been concentrating on agriculture, retail trade and small-scale industries as the main sectors to offer credit facilities. Besides, it has also been providing loans for higher education, and for trade. It has a wide range of products to cater to the needs of large, medium and small customers and through these products, it has been supporting all types of entrepreneurs, who have been benefited from the financial backing provided by the bank.