Hyderabad, Feb. 26: The AP Mahesh Cooperative Bank opened its 37th branch in Hyderabad today, with plans to open two more in the next few months. Mr Ramesh Kumar Bung, chairman of the bank, said the bank had crossed a business of Rs 1,800 crore, which was the target set for March 31, 2012. Mr A.S. Rao, Regional Director of RBI, Hyderabad, expressed happiness over the bank's steps to avoid in-house lending, apart from its initiatives to upgrade technology.
HBL
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