Andhra Bank, a public sector lender, has opened a new branch in Yellareddy town, Nizamabad. With the opening of this branch, the bank has now 73 branches in the bank zone comprising the district and Medak.
Meanwhile, the bank has launched its e-banking zone at its Bhavanipuram branch on March 07, 2015. The new services were launched under the bank’s ‘Navshakti Project’. This includes 24 hours/365 days anytime-banking centre with ATMs, self pass- book printing kiosk, Internet banking kiosk and cheque depositing machine.
Andhra Bank has reported over two fold jump in its net profit at Rs 144.49 crore for the quarter ended September 30, 2014 as compared to Rs 70.65 crore for the same quarter in the previous year. Total income has increased by 15.88% at Rs 4423.62 crore for quarter under review as compared to Rs 3817.57 crore for the quarter ended September 30, 2013.