Coastal Local Area Bank IFSC Code and MICR Code

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About Coastal Local Area Bank

Coastal Local Area Bank Limited established in the year 1999, is the first local area bank approved by the Reserve Bank of India. It is a private banking sector formed under the Companies Act and directly regulated by RBI. The bank has 50 branches which operate in the five districts of Andhra Pradesh, which are West Godavari, East Godavari, Guntur, Krishna and Visakhapatnam. The head office of the bank is located in Vijayawada. The bank is a profitable financial institute from the time it started functioning. It follows the core banking system and has all the modern technologies. The bank ensures Deposit Insurance and Credit Guarantee Corporation to all deposits up to One lakh rupees.