PUBLIC SECTOR BANKS IN INDIA – ANDHRA BANK
PUBLIC SECTOR BANKS OF INDIA – ANDHRA BANK
Andhra Bank was registered on 20 November 1923 and commenced business on 28 November 1923 with a paid up capital of Rs.1 lakh and an authorised capital of Rs 10 lakhs. The Bank crossed many milestones and the Bank’s Total Business as on 30.06.2008 stood at Rs.83,256 Crores with a Clientele base over 1.74 Crores. Thus Andhra Bank accords utmost concern to customer satisfaction by offering innovative and need based financial products and services using state of the art technology.
The Andhra Bank is rendering services through 2139 Business Delivery Channels consisting of 1371 branches, 66 Extension Counters, 38 Satellite Offices and 664 ATMs spread all over 21 States and 2 Union Territories as at the end of June, 2008. All Branches are 100% computerized, and 1186 units, 1101 Branches, 68 Extension Counters, 15 Service Centres network under Cluster Banking solution and providing “Any Branch Banking(ABB)”.
The Real Time Gross Settlement (RTGS) Facility and National Electronic Fund Transfer (NEFT) facility has been introduced in 723 Branches to provide value-added services to Customers.