Port Blair, Apr 16: The Andaman & Nicobar State Cooperative Bank Ltd. totally refutes the allegation being made by certain group of people to customers and misleaded general public that the Bank is bankrupt. The A & N State Cooperative Bank is financially very sound and the Controlling Authority of the Bank -RBI/NABARD after examining the soundness of the bank granted licence to open 9 new branches at Long Island, Junglighat, Nimbutala, Betapur, Kishorinagar, Mahatma Gandhi Govt. College, Wandoor, Burmanallah and Chowra. The general public and valuable customers are requested not to bother for the false propaganda. The Bank is financially very sound and is continuously carrying out its’ activities for deposits, loans and advances.
In view of the above facts, we request you not to entertain any such false allegations made against the Bank by any group of peoples.
