Andhra Bank, the 88-year-old public sector bank has inaugurated its 1700th branch at Nanakramguda financial district. The bank also set up an e-banking centre at the Vidyanagar branch in the State Capital. The branch and e-banking centre was formally inaugurated by R. Ramachandran, chairman and managing director, Andhra Bank on December 31, 2011.
Recently, Andhra Bank has opened modern staff college on a five-acre plot in the financial district, Nanakramguda, Hyderabad, for giving training to its employees.
The bank’s net profit for the second quarter of the current fiscal has increased 4.34% at Rs 316.12 crore as compared to Rs 302.97 crore for the corresponding quarter of the last year. The bank’s total income has rose 38.83% at Rs 2960.32 crore for the quarter under review as compared to Rs 2132.33 crore for the second quarter of the previous year.
