The new office is its second such branch in the country after opening one in Hyderabad in 2011. To-date, the first branch has generated some Rs500 crore ($92 million) in deposits and Rs150 crore in advances for the firm.

The branch's features include customised banking solutions and a dedicated relationship manager per customer, 24-hour access to lockers with prior appointment, cheque/draft pickup and delivery and personal banker support. In addition to state of the art technology, it also has a coffee bar and a dressing room for female clients.

The minimum deposit to open an account in this branch is Rs50 lakh. In Hyderabad, the minimum is Rs1 crore. The State Bank of India said it is preparing to open a third branch in Kohinoor, State of Vijayawada in the next year.