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Coastal Bank is the first Local Area Bank approved by the Reserve Bank of India in 1999. The Bank is a private bank established under the Companies Act and is directly regulated by RBI.


Coastal Bank operates in one of the most prosperous regions of India; the five districts of Krishna, Guntur, West Godavari, East Godavari and Visakhapatnam in Andhra Pradesh. The Bank has 33 branches in these five districts with the Corporate Office in Vijayawada.


Coastal Bank is profitable since inception and all the deposits up to Rs. One lakh are insured by Deposit Insurance and Credit Guarantee Corporation (DICGC).

 

Financial Highlights

 Particulars

As on

31-03-2013

(Rs. In lakhs)

As on

31-03-2014

(Rs. In lakhs)

 Capital & Reserves

3331.08 3623.79

 Deposits

17360.20 18629.36

 Advances

15538.51 15152.16

 PBT

1069.05 831.52

 PAT

740.32 562.02

 

 

 
 

COASTAL LOCAL AREA BANK LIMITED, Member of DICGC
Registered Office: D.No. 59-14-2A, 3rd Floor, Santhi Plaza, Ring Road, Gayatrinagar, Near Benz Circle, Vijayawada - 520 008.
 
2007 Coastal Local Area Bank Limited. All rights reserved