The bank is comfortable with the present capital adequacy ratio, hence there is no need for an issue, he added. The bank is opening its 1000th branch at Nizams' Institute of Medical Sciences (NIMS) on Saturday to coincide with the valedictory function of the platinum jubilee celebrations of the bank.

Ganiga said that the bank has plans to open 100 more branches in the coming two years, while as of now, it has 777 branches in Andhra Pradesh. Apart from the branches, the bank has 84 extension counters and 44 satellite branches. According to Ganiga, as the bank had attained the autonomy status, it had become independent to open any number of branches.