Andhra Bank to open 500 new branches; to focus on retail & SME loans
Updated: Mar 20, 2014 04:04:28pm
Chandigarh, Mar 20 (KNN) Andhra Bank, which has plans to open 500 new branches and strengthen its presence outside Andhra Pradesh will focus on the small and medium enterprises, its Executive Director S K Kalra has said.
Kalra told media here, "We will be opening 500 new branches in 2014-15.”
“The Bank would focus on retail and SME loans for disbursement of advances,” he added.
Currently, Andhra Bank has a total branch network of 2,000 in the country.
In Chandigarh zone, the bank will open 50 additional branches in Haryana, Punjab, Himachal Pradesh, Uttarakhand, Jammu and Kashmir and the Union Territory of Chandigarh.
Andhra Bank is targeting to achieve total business size of Rs 2.60 lakh crore by the end of 2013-14.
Kalra told media here, "We will be opening 500 new branches in 2014-15.”
“The Bank would focus on retail and SME loans for disbursement of advances,” he added.
Currently, Andhra Bank has a total branch network of 2,000 in the country.
In Chandigarh zone, the bank will open 50 additional branches in Haryana, Punjab, Himachal Pradesh, Uttarakhand, Jammu and Kashmir and the Union Territory of Chandigarh.
Andhra Bank is targeting to achieve total business size of Rs 2.60 lakh crore by the end of 2013-14.
Bank’s ED was here to inaugurate a high tech branch yesterday which is equipped with cash deposit machine, cheque deposit machine, self-service passbook printing kiosk and Internet banking kiosk in order to provide faster banking services to customers. (KNN/SD)
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