Brief History "Andhra Bank" was founded by the eminent freedom  fighter and a multifaceted genius, Dr.Bhogaraju Pattabhi Sitaramayya. The Bank was registered on 20th November 1923 and commenced business on 28th November 1923 with a paid up capital of Rs 1.00 lakh and an authorised capital of Rs 10.00 lakhs.                        

PERFORMANCE HIGHLIGHTS OF ANDHRA BANK (FOR THE QUARTER ENDED 31 st DECEMBER 2008)

Andhra Bank is pleased to announce the Financial Results for the Quarter ended 31 st December, 2008. Bank has shown improvement in key business parameters for quarter 3 of 2008-09 compared to Quarter 3 of 2007-08.

Operating Profit increased by 29.22% Net Profit increased by 33.74% Total Business increased by 27.38 % at Rs.95,822 crore. Total Deposits increased by 22.51 % at Rs. 53,795 crore. CASA Deposits as a percentage to Total Deposits stood at 31.82% Credit increased by 34.21% at Rs. 42,027 crore Net Interest Income increased by 29.28 % Net Interest Margin (NIM) stood at 3.35 %. Other Income increased by 28.68% Percentage of Gross NPAs to Gross Advances declined from 1.35%

(31.12. 07) to 0.89 % (31.12. 08) Percentage of Net NPAs to Net advances is at 0.21%. CRAR stands at 12.69% as against RBI norm of 9% Return on Assets at 1.41% 1,067 branches are brought under Core Banking Solutions (CBS) in

a record time of 10 months. Opened Representative Office in Jersey City, New Jersey in

November 2008.

SOUNDNESS

Capital to Risk weighted Assets Ratio (CRAR) is at 12.69% against prescribed RBI norm of 9%.

Return on Assets improved from 1.26% (31.12.07) to 1.41% (31.12.08).

Client base is over 18.5 million. Total Number of Business Delivery Channels increased from 2046

(31.12.07) to 2194 (31.12.08). Total Number of branches increased from 1343 (31.12.07) to 1,410

(31.12.08) covering 22 states and 2 Union Territories. Number of ATMs increased from 592 (31.12.07) to 685 (31.12.08). Per Employee Productivity improved from Rs.5.71 cr. (31.12.07) to

Rs. 6.92 cr. (31.12.08). Bank aims at surpassing Business level of Rs.1,00,000 crore by

31.3.2009.

EFFICIENCY OF OPERATIONS

Total Income increased by 29.64% from Rs. 1233 cr. to Rs.1599 cr. Interest Income increased by 29.79 % from Rs. 1065 cr. to Rs. 1382

cr. Net Interest Income increased by 29.28% from Rs. 350cr. to Rs. 452

cr. The Net Interest Margin is at 3.35% compared to 3.12% ( Dec, 07). Other Income improved from Rs. 168 cr. (31.12.07) to Rs. 217 cr.

(31.12.08). Operating Profit improved from Rs. 288 cr. (31.12.07) to Rs. 373 cr.

(31.12.08) with a growth of 29.22 % Net Profit increased by 33.74% from Rs.159 cr. (31.12.07) to

Rs.213 cr. (31.12.08).

BUSINESS LEVELS

Total Business reached a level of Rs. 95,822 cr. (31.12.08) from Rs. 75,225 cr. (31.12.07) with a growth of 27.38%

Total Deposits grew by 22.51% from Rs. 43,911 cr. (31.12.07) to Rs. 53,795 cr. (31.12.08)

Bank Credit increased from Rs. 31314 crore (31.12.07) to Rs. 42,027 crore (31.12.08), with YoY growth of 34.21%.

The Credit Deposit ratio is at 78.29 %.

PRIORITY SECTOR CREDIT

Priority Sector Advances are at Rs. 14,194 cr., constituting 41.07 % of Advances against the prescribed norm of 40%.

Agricultural Advances are at Rs. 6,485 cr., constituting 18.77% of Advances against the prescribed norm of 18%.

1,40,321 new farmers taken into Bank s fold during the current financial year so far.

More than 203500 SHGs were extended credit of Rs.1449 Cr. Under Debt Swapping Scheme to farmers and SHGs, Bank

extended credit around Rs. 141 crore. Credit extended to MSME Sector improved from Rs.3915 cr.

(31.12.07) to Rs.4971 cr. with YoY growth of 26.98% In tune with government guidelines , Bank has extended the facility

of Restructuring to 638 MSME borrowers involving an amount of Rs.99 cr.

MSME Care cells are made operational at Controlling Office level for providing Credit Counselling services to MSME borrowers.

V. RECOVERY MANAGEMENT

The percentage of Standard Assets to Total Advances increased to 99.11% (31.12.08) from 98.65% (31.12.07).

In absolute terms, Gross NPAs declined from Rs. 421.94 cr. (31.12.07) to Rs.373.36 cr. (31.12.08).

Gross NPAs as a percentage to Gross Advances declined from 1.35% (31.12.07) to 0.89% (31.12.08).

Net NPAs are at Rs. 86 cr., representing 0.21% of Net Advances. The Provision Coverage Ratio for NPAs is at 76.71 %. The Slippage Ratio (Total fresh NPAs added as a percentage to

Standard Assets at the beginning of the year) declined from 0.47% (31.12. 07) to 0.38% (31.12. 08).

Technology Front- Initiatives:

Bank is migrating to Centralized Core Banking Solution . Already, 1,067 branches have migrated to CBS.

Internet Banking with customer Transaction facility launched Mobile Alerts introduced Tax Payment on line (e-Tax) facility introduced. Instant issuance of Debit Card facility introduced.

Products introduced:

AB Premium Current Account and AB Privilege Corporate Salary Savings Bank account Schemes with value added services to customers launched.

AB Saral Housing Loan schemes for Loans up to Rs.5 lakhs with 10% margin and interst rate of 8.5% and for Loans above Rs.5 lakhs and up to Rs.20 lakhs ,with margin of 15% and Interest rate of 9.25% introduced.

Services introduced:

Sale of Gold Coins launched on 1.1.2009 Bank entered into Tie Ups with MF organizations such as Reliance,

Kotak Mahindra, Fedility Mutual Fund and Birla Sun Life Mutual Fund for sale of their Mutual Fund Products.

MOU signed with M/s.Maruthi Sujuki Ltd for Financing 4 Wheelers

Other Initiatives taken:

Bank has two Representative Offices - one in Dubai and another in New Jersey. The Representative Office in New Jersey was opened on 22.11.2008.

Bank formed Joint Venture with Bank of Baroda and Legal & General group of U.K. to to take up Insurance Business.

Bank is entering MoU with Bank of Baroda and Indian Overseas Bank for forming a Banking Subsidiary in Malaysia

As a part of Financial Inclusion , Bank adopted two districts, namely, Srikakulam in Andhra Pradesh and Ganjam in Orissa and achieved 100% coverage.

Bank has introduced Smart Card Scheme Pilot project in Warangal District and the same will be extended to other Lead Districts of the Bank in due course.

Bank also disbursed Social Security Pensions through Smart Cards in Tallarevu branch of East Godavary District.

Bank has opened more than 2.50 lakh accounts under No-frill accounts .

Through its 10 Rural Training Institutes , Bank trained 76300 candidates for taking up gainful self employment . Apart from reimbursement of to and fro travel expenditure for attending training, all these candidates are provided free lodging and boarding facilities and training inputs.

  

Founder

 Dr Bhogaraju Pattabhi Sitaramayya was born on 24th November 1880 in Gundugolanu village, West Godavari District in Andhra Pradesh. He was a renowned Freedom Fighter and a very illustrious personality. 

Corporate Identity

TOGETHERNESS IS THE THEME

The Symbol of   Infinity denotes a Bank that is prepared to do any thing, to go to any lengths, for the customer

The Blue pointer on the top represents the philosophy of a Bank that is always looking for growth and newer directions.

The Key hole represents Safety and Security

The Chain indicates togetherness

The colours Red and Blue denote dynamism and solidity

OUR  TOP  EXECUTIVES :

SHRI R S REDDY, CHAIRMAN AND MANAGING DIRECTOR

Shri R S Reddy took charge as Chairman and Managing Director of Andhra Bank on 02.08.2008.

He is a Post Graduate in Agriculture. He hails from Bagepalli in Karnataka State. He had his initiation into the corridors of banking services as a Probationary Officer in Bank of India in May 1974.

He has 34 years of experience as a Banker in multifarious assignments - as Officer, Branch Manager, Development Manager, Regional Manager and General Manager  in

various geographical locale- like the states of Karnataka, Goa, Andhra Pradesh and Maharashtra ; and a  three  and  half  year stint abroad in New York as the Chief Executive of Bank of India's American Operations.

On his return to India from his U S assignment in July 2005, Shri Reddy took up the reins of the crucial department of Asset Recovery in addition to Retail Business in Bank of India and was instrumental in initiating strong measures in recovery resulting in substantial reduction in Non Performing Assets and in augmenting Non Interest Income.

Prior to joining in our Andhra Bank, Shri R S Reddy was Executive Director of Union Bank of India from 01.05.2006 to 01.08.2008.

Shri Anil Girotra , Executive Director

Sri Anil Girotra, M.Sc., LLB, CAIIB, Dip. in Per. Mgt. ; Dip. in Corporate Laws has joined Andhra Bank as Executive Director on 17.05.2008. Prior to joining Andhra Bank, he was heading UK Operations of Canara Bank in London as Chief Executive. He joined Canara Bank as Officer Trainee in September 1975. He held important positions viz., headed Regional Office, Mumbai ; headed Lucknow Circle covering Uttar Pradesh, Uttarkhand States ; headed Kolkata Circle covering West Bengal, Orissa and Northeastern States ; held Senior position in Housing Finance Company of Canara Bank ; headed Merchant Banking Division of the bank in northern India. He has 33 years of varied experience in Banking Operations and Administration. He evinces interest in anything new - be it technology, sports etc.,

Names & particulars of the executives (General Managers) at Head Office, Hyderabad

General Manager's Name Contact Number Extension Number Sri A.L. Nageswara Rao 040-23211915  Extn : 2270 Sri R.J. Vaidyanathan 040-23237915  Extn : 2250 Sri S. Suryanarayana 040-23210852  Extn : 2280 Sri T R S Trivedi  040-23211024 Extn : 2290 Sri D  Jogi Raju  040-23241099 Extn : 2260

Sri Rakesh Sethi 040-23241891  Extn : 2220 Sri Nilmani Patel 040-23210314 Extn : 2370Sri P Srinivas 040-23210234 Extn : 2210Sri H N Das                                         040-23235344                  Extn : 2230

Executives (General Managers) at other places:

Executives (General Managers)

Contact Number Zone

Sri B Raj Kumar040 - 24757472 G.M. - Hyderabad Zone

Sri M Anjaneya Prasad 022 - 26876182 G.M. - Mumbai Zone

Sri V. Ramgopal 022 - 22700052 G.M. - Funds & Invest. (Mumbai)

Sri S Prabhakar Reddy 040 - 24750569

G.M.- AB Building,Sultan Bazar, Koti      Hyderabad

Sri V S R Gopal 0124 - 2581934 G.M. - New Delhi Zone

About  our Bank's website :

Andhra Bank's website is available at www.andhrabank.in. Website is developed in three languages viz., English, Hindi and Telugu. Ours is the first Nationalised Bank to air our website in vernacular regional language, Telugu to reach  the  common  man.  Our website  provides  salient  features of  our  Bank's  products and  services, cutomer  oriented  policies, etc.,  Website is maintained and monitored by Corporate Communications Department, Andhra Bank, Head Office, Hyderabad. Website is hosted by M/s Sify Technologies  Ltd., Chennai, India.