Coastal Local Area Bank Ltd

The Coastal Local Area Bank Limited is the first local area bank to offer services to the coastal regions of Andhra Pradesh in Mortgages, Recurring and Fixed Deposits, Locker facilities, Debentures, Account Openings, Internet Banking, Agricultural finance, Mutual funds, Investment banking, Loans, and the ATM facilities.

Factsheet of Coastal Local Area Bank Ltd
Bank NameCoastal Local Area Bank Ltd
Founded inDec. 27, 1999
Promoters/foundersNA
Headquarter Address

The Coastal Local Area Bank Limited
D NO 59-12-16
Grace Line
Gayatri Nagar Main Road
Vijayawada 520008
Andhra Pradesh

Employee'sNA
Type of BankSmall Finance Bank
Official Websitehttps://www.coastalareabank.com/index
Customer Care Number0866-2494425, 0866-2494426, 0866-2494238

History of The Coastal Local Area Bank Limited

The Coastal Local Area Bank Limited is one of the major local area bank and entered into the banking scenes on 27th December 1999 and proudly celebrated its existence for more than 20 years since its inceptions. The Coastal Local Area Bank is controlled by the Reserve Bank of India and undertakes activities like the Financial Management, Customer Service and effective Cash Reserve Ratio analysis.

We have more than 10 branches in Andhra Pradesh and offers great help to the Fisherman, Artisans and other skilled workers in the areas. 

Shri K. Venkataraman is the Chairman of the Coastal Local Area Bank Limited and is a man with rich experience in Banking field and a proud member of the Indian Institute of Banking. His career began with the SBI when he joined as a probationary officer in 1977. Shri B Venugopala Reddy is the MD and the CEO.

Banking Services offered by the Coastal Local Area Bank Limited

There are various banking services offered by the Coastal Local Area Bank Limited and they are given below as follows:

  • Email Alerts.
  • E-statements.
  • Savings Account.
  • Current Accounts.
  • Overdraft Service.
  • Statement Printout.
  • Collection Services.
  • Safe Deposit Lockers.
  • Term Deposit Services.
  • Customised Passbooks.
  • Customised Cheque Books
  • Account Maintenance Services.
  • Debit and Credit Card Services.
  • Registering for Sukanya Sammrudhi Yojana Account.
    Registering for Government Schemes like the Pradhana Manthri Jan Dhan Yojana

Loans and credit facilities provided by the Coastal Local Area Bank Limited

  There are various loans and credit services offered by the Coastal Local Area Bank Limited like the:

  • Crops Loan.
  • Vehicle Loan.
  • Housing Loan.
  • Educational Loan.
  • Commercial Loan.
  • Personal Gold Loan.
  • Coastal Pragati Loan.
  • Loans against Property.
  • Loans against Security.
  • Loan against Warehouse Bills.

 

 

Coastal Local Area Bank Ltd has 2 IFSC connected branches in India. Bank has branches in following states:

  • ANDHRA PRADESH

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