Andhra Bank (BSE: 532418) is a medium-sized public sector bank (PSB), with a network of 2000+ branches, 15 extension counters, 38 satellite offices and 1563 automated teller machines (ATMs) as on 30 Nov 2013. During 2011–12, the bank entered the states of Tripura and Himachal Pradesh. The bank now operates in 25 states and three Union Territories.
The Government of India owns 58% of its share capital and is going to increase it to 62.14% by infusing 2 billion (US$33 million) in capital.The state owned Life Insurance Corporation of India holds 10% of the shares.The bank has done a total business of 2230 billion (US$36 billion) for the fiscal year ended 31 March 2013.
Andhra Bank is 100% CBS as on date. This will benefit the customers, who will have access to banking and financial services anytime, anywhere through multiple delivery channels. Andhra Bank is a pioneer in introducing Credit Cards in the country in 1981.
The Government of India owns 58% of its share capital and is going to increase it to 62.14% by infusing 2 billion (US$33 million) in capital.The state owned Life Insurance Corporation of India holds 10% of the shares.The bank has done a total business of 2230 billion (US$36 billion) for the fiscal year ended 31 March 2013.
Andhra Bank is 100% CBS as on date. This will benefit the customers, who will have access to banking and financial services anytime, anywhere through multiple delivery channels. Andhra Bank is a pioneer in introducing Credit Cards in the country in 1981.
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