MoneyWorks4Me

Andhra Bank finances 225643 self-help groups to the tune of Rs 2430 crore

20 Feb 2012 Evaluate

Andhra Bank, the 88-year-old public sector bank, is actively financing the self-help groups. The bank has so far covered 225643 self-help groups with advances amounting to Rs 2,430 crore. The priority sector advances of the bank stood at Rs 24,197 crore out of which agriculture advances were at Rs 11,368 crore. As part of the financial inclusion plan, Andhra Bank covered 1,144 villages with a population of more than 2,000 by the end of December 2011.

Recently, the bank has opened two financial centres, one in Warangal district and the other one at Peda Ogirala village in Krishna district.

Peers
Company Name CMP
State Bank Of India 963.90
PNB 122.25
Bank Of Baroda 237.50
Canara Bank 120.05
Union Bank Of India 181.05
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