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Coastal Local Area Bank
3.9
based on 35 Reviews
Company Overview
Company Locations
Working at Coastal Local Area Bank
Company Summary
Overall Rating
3.9/5
based on 35 reviews
On-Par
with industry average
Highly rated for
Work-Life Balance, Skill Development
Critically rated for
Salary & Benefits, Promotions/Appraisal
Work Policy
Monday to Saturday
54% employees reported
Strict timing
57% employees reported
Within city
66% employees reported
Day shift
100% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
4 employees reported
Health insurance
2 employees reported
View detailed benefits
About Coastal Local Area Bank
Founded in1999 (26 yrs old)
India Employee Count51-200
Global Employee Count--
India HeadquartersVijayawada, India
Office Locations
--
Websitecoastalareabank.com
Primary Industry
Other Industries
--
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Coastal Bank is the first Local Area Bank licensed by Reserve Bank of India in 1999 and commenced its operations from 27th December 1999. The Bank is proud of celebrating its existence for two decades.
Coastal Bank is directly regulated by Reserve Bank of India. The Bank is subjected to regulatory supervision and control. The Bank complies with all supervisory advices/guidance.
The Bank is subjected to regulatory prescriptions such as Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), External Benchmarking of loans etc.
Deposits of the customers are insured under Deposit and Insurance Scheme of DICGC, a wholly owned subsidiary of Reserve Bank of India.
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Coastal Local Area Bank Ratings
based on 35 reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
5
19
4
12
3
1
2
0
1
3
Category Ratings
4.1
Work-Life Balance
3.9
Skill Development
3.6
Job Security
3.6
Work Satisfaction
3.6
Company Culture
3.1
Promotions/Appraisal
3.0
Salary & Benefits
Coastal Local Area Bank is rated 3.9 out of 5 stars on AmbitionBox, based on 35 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Coastal Local Area Bank Reviews
Top mentions in Coastal Local Area Bank Reviews
Compare Coastal Local Area Bank with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.9/5 based on 35 reviews | 3.7/5 based on 7.1k reviews | 4.5/5 based on 5.9k reviews | 4.1/5 based on 5.1k reviews |
Highly Rated for | Work-Life balance Skill development | Job Security | Job Security Company culture Work-Life balance | Company culture Job Security Skill development |
Critically Rated for | Salary & Benefits Promotion/Appraisals | Promotion/Appraisals Work Satisfaction | No critically rated category | No critically rated category |
Primary Work Policy | - | Work from office 91% employees reported | Work from office 89% employees reported | Work from office 88% employees reported |
Rating by Women Employees | 4.3 Good rated by 3 women | 3.5 Good rated by 869 women | 4.5 Good rated by 808 women | 4.0 Good rated by 659 women |
Rating by Men Employees | 3.8 Good rated by 31 men | 3.8 Good rated by 5.9k men | 4.5 Good rated by 4.8k men | 4.1 Good rated by 4.2k men |
Job Security | 3.6 Good | 3.8 Good | 4.4 Good | 4.0 Good |
View more
Coastal Local Area Bank Salaries
3.0
rated by 35 employees for salariesCustomer Service Officer
(15 salaries)
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₹1.8 L/yr - ₹2.5 L/yr
Branch Manager
(11 salaries)
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₹3 L/yr - ₹8 L/yr
Officer
(10 salaries)
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₹1.8 L/yr - ₹3.4 L/yr
Customer Relationship Officer
(7 salaries)
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₹2.4 L/yr - ₹3.3 L/yr
Branch Head
(6 salaries)
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₹3.6 L/yr - ₹5.5 L/yr
Customer Relation Officer
(5 salaries)
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₹2.3 L/yr - ₹3 L/yr
Officer Grade 1
(4 salaries)
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₹1.6 L/yr - ₹3.4 L/yr
Banking Officer
(4 salaries)
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₹1.4 L/yr - ₹2.5 L/yr
Credit Officer
(3 salaries)
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₹2.4 L/yr - ₹2.5 L/yr
Cash Officer
(3 salaries)
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₹2.1 L/yr - ₹2.2 L/yr
Coastal Local Area Bank Perks & Benefits
Coastal Local Area Bank Offices
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Coastal Local Area Bank FAQs
When was Coastal Local Area Bank founded?
Coastal Local Area Bank was founded in 1999. The company has been operating for 26 years primarily in the Financial Services sector.
Where is the Coastal Local Area Bank headquarters located?
Coastal Local Area Bank is headquartered in Vijayawada.
How many employees does Coastal Local Area Bank have in India?
Coastal Local Area Bank currently has approximately 100+ employees in India.
Does Coastal Local Area Bank have good work-life balance?
Coastal Local Area Bank has a work-life balance rating of 4.1 out of 5 based on 30+ employee reviews on AmbitionBox. 89% employees rated Coastal Local Area Bank 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. We encourage you to read Coastal Local Area Bank reviews for more details
Is Coastal Local Area Bank good for career growth?
Career growth at Coastal Local Area Bank is rated as moderate, with a promotions and appraisal rating of 3.1. 11% employees rated Coastal Local Area Bank 3 or below, while 89% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Coastal Local Area Bank reviews for more detailed insights.
What are the pros and cons of working in Coastal Local Area Bank?
Working at Coastal Local Area Bank comes with several advantages and disadvantages. It is highly rated for work life balance and skill development. However, it is poorly rated for salary & benefits and promotions / appraisal, based on 30+ employee reviews on AmbitionBox.
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