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Andhra Bank opens 2000th branch

Andhra Bank opened its 2000th branch at Kedareswarpet in Hyderbad. CMD of the bank C.V.R. Rajendra inaugurated the new branch. He said Andhra Bank’s total business stood at Rs 2,34,000 crore, with deposits of Rs 1,31,000 crore. Out of 2000 branches, 1,213 branches are in Andhra Pradesh, he said, adding that there are 754 branches in the Seemandhra region, while 459 branches are in the Telangana region. Priority sector advances stood at Rs 2363 crore and the bank has provided financial assistance to the tune of Rs 260 crore to 14,128 Self Help Groups in the district, where the bank has 100 branches and 12 l akh customers. Explaining business operations after bifurcation of the state, Rajendra said the bank would continue to serve the two regions equally even after bifurcation and no major changes would take place in banking operations.

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