Andhra Bank has opened modern staff college on a five-acre plot in the financial district, Nanakramguda, Hyderabad, for giving training to its employees. This college will function as an apex institute to improve the skill levels and provide quality training to the employees.
The college will be developed as a multi-disciplinary academy with tie-ups with other reputed institutions of learning. The college was formally inaugurated by the chief minister N Kiran Kumar Reddy.
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.
