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Andhra Bank

Andhra Bank was founded by Dr.Bhogaraju Pattabhi Sitaramayya. The bank commenced business on 28th November 1923 with a paid up capital of Rs 1 lakh and an authorised capital of Rs 10 lakh.

  • The Bank is rendering services through 1981 Business Delivery Channels consisting of 1303 branches, 99 Extension Counters, 541 ATMs and 38 Satellite Offices spread over 21 States and 2 Union Territories as at the end of June, 2007.
  • All Branches are 100% computerized, 1124 units viz., 1026 Branches, 83 Extension Counters, 15 Service Centres networked under Cluster Banking Solution and providing “Any Branch Banking(ABB)”.
  • Real Time Gross Settlement (RTGS) Facility and National Electronic Fund Transfer (NEFT) facility has been introduced in 650 Branches. To provide value-added services to Customers, the Bank has set up its own 541 ATMs as on 30.06.2007.
  • Besides, ATM sharing arrangements with several Banks including SBI, ICICI Bank, IDBI Bank, UTI Bank, SBI, HDFC Bank, Indian Bank, Corporation Bank and 17 other banks under National Financial Switch provide Bank customers access to 17000 ATMs throughout the country.

VISION AND MISSION:


PERFORMANCE HIGHLIGHTS – QUARTER-ENDED JUNE 2007

Andhra Bank is pleased to announce the Financial Results for the Quarter-ended June 2007. Bank has registered improvement in key business parameters and profitability over the corresponding quarter of the previous year (2006-07).

  • Net Profit up by 21.20% at Rs.141 crore.
  • Operating Profit up by 18.20% at Rs.223 crore.
  • Total Business up by 24.82% at Rs.68466 crore
  • Loans & Advances up by 27.13% at Rs.27707 crore
  • Net NPAs to Net Advances at 0.19%.
  • CRAR stood at 12.49%, as against RBI norm of 9%.
  • Return on Average Assets stood at 1.22% (Annualised)

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