Public sector lender, Andhra Bank has opened its new branch at MMDA Colony in Padmanabha Nagar, taking the total number of bank branches to 102 in Chennai zone. Recently, the bank has launched Immediate Payment Service (IMPS) at all its branches in association with the National Payments Corporation of India (NPCI).
Andhra Bank has reported 73.89% rise in its net profit at Rs 251.26 crore for the quarter ended September 30, 2015 as compared to Rs 144.49 crore for the same quarter in the previous year. The bank’s total income has increased by 7.25% to Rs 4744.16 crore for the quarter under review from Rs 4423.62 crore for the corresponding quarter of the previous year.
