Andhra Bank was founded on 20th November 1923 and since from than it
has scaled many new heights to have on this day a vast all-India
network of 16 zonal Office, 1412 branches and thousands of ATM?s. It is
consistently showing sound financial results.
Andhra bank Offcial Website : http://www.andhrabank.in/ Andhra Bank is an Indian bank based in Hyderabad. The bank was
established in the year 1923, and its founder was Dr. Bhogaraju
Pattabhi Sitaramayya, a well known freedom fighter. The initial
authorized capital of the bank was Rs. 10.00 lacs, while the paid up
capital was Rs. 1.00 lac at the time of its registration.
Total Business volume of the bank in the third quarter of the 2008-09
financial year stood at Rs. 95, 822 Crores, while the Total Deposit
volume during the same tenure was Rs. 53,795 Crores.
As of
31st of December, 2008, Andhra Bank had a client base of more than 18.5
Million customers with 2194 Business Delivery Channels. Till the same
date, the bank had 1,410 branches spread across 22 states and 2 Union
Territories, out of which 1,067 branches have been enabled with
Centralized Core Banking Solution (CBS). While the total number of ATMs
summed up to 685, the bank had a Per Employee Productivity of Rs 6.92
Crore.
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