Andhra Bank is planning to set up exclusive locker centers across the state. C.V.R. Rajendran, CMD of the bank, said currently lockers were available at only bank branches, and due to heavy demand and lack of space the bank was not able to provide lockers to every customer. In view of this, the bank is planning to set up exclusive locker centres, which will not only enable the bank to satisfy its customers but also earn additional revenues for it. Andhra Bank was facing high NPAs due to the slowdown in power and infrastructure sectors. Of its total loan exposure, 11% was to the power sector and 7-8% to the infrastructure sector. Rajendran said the bank is initiating several measures to increase the business, and as a part of this it was aiming to mobilize Rs 10,000 crore new deposits over the next two-and-a-half months.
