Date:12/11/2007 URL: http://www.thehindubusinessline.com/2007/11/12/stories/2007111250271400.htm

Back Bhavana Bank to expand

Our Bureau

Hyderabad, Nov. 11 Hyderabad-based Bhavana Rishi Co-operative Urban Bank Ltd will be opening two new branches in Hyderabad in next six months.

“We have withstood the shocks in co-operative urban bank sector and are planning to go for steady expansion,” Mr G Rama Moorthy, Chairman of the bank told newspersons here.

The bank had been rated as Grade I in all the statuary inspections of the Reserve Bank of India (RBI) and was classified as Class A in all annual audits by statutory auditors, he said.