Coastal Local Area Bank Ltd.

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 three districts of Krishna, Guntur and West Godavari in Andhra Pradesh. The Bank has 15 branches in these three 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).