Andhra Bank

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The founder of Andhra Bank was the eminent freedom fighter and a versatile genius, Dr. Bhogaraju Pattabhi Sitaramayya. Andhra Bank was registered on 20th November 1923 with the business commencing from 28th November 1923. The paid up capital with which the operations were started were ` 1.00 lakh and the authorized capital was ` 10.00 lakh.

Financial performance of Andhra Bank as on September (Q2) 2009



  • Net profit surges up to ` 274 Crore, growing by 70%. This was over ` 162 Crore in the corresponding period in 2008.
  • The gross business improved to ` 1,10,460 Crore, up by 27%.
  • Operating Profit was up by 63% and touched `453 Crore
  • Gross advances surged up by 32% to touch `48,182 Crore
  • CASA Deposits was 32.34% of total deposits
  • Total Deposits went up to `62,279 Crore, growing at 23%
  • Credit Deposit Ratio saw an improved performance to 77.70% from 72.28%
  • Interest Income amplified to `1,558 Crore in Q2 growing by 17.32%
  • Other Income surged up by 84.92% to ` 233 Crore, when compare with the figure of Q2 of 2008
  • Net Interest Income augmented to ` 515 Crore, up by 18.94% .
  • Total income grew by 23%, whereas total expenditure was measured at 14%
  • A Net Interest Margin (NIM) of 3.14% in Q2 was achieved
  • Return on Assets (ROA) improved appreciably to 1.53% in Q2 compared to 1.12% in Q2 of previous year.
  • Cost to Income ratio was bettered to 39.45% from 50.27%.
  • Gross NPA to Gross Advances condensed to 0.83% from 1.03%
  • Percentage of Net NPAs to Net advances improved to 0.16% from 0.24%
  • Coverage Ratio is 83.66%
  • CRAR improved to 14.03% (as per Basel-II norms)

Brief performance of Andhra Bank



  • Bank has been following the Basel II norms
  • The percentage of Standard Assets to Gross Advances went up to 99.17% as on 30.09.09 as compared to 98.97% of the previous year.
  • Gross NPA was `398.36 Crore
  • Gross NPAs as a percentage to Gross Advances was 0.83% (30.09.2009) against 1.03% of 30.09.2008
  • Net NPAs are valued at ` 75.20 Crore, representing mere 0.16% of Net Advances, an improvement of 0.08% over 2008
  • The delinquency ratio is 0.23% as on 30-09-2009
  • Provision Cover for NPAs for Q2 was 83.66%

Technology Initiatives of Andhra Bank



  • All Andhra Bank branches are under CBS
  • Online Tax payment (eTax) has been launched along with Internet Banking (Retail as well as Corporate)
  • Customers are able to receive SMS Alerts on their Mobile Phones. As on 30th September 2009, 7.53 Lakh customers have been registered to avail this facility
  • Customers can request for balance, mini-statement, cheque status, etc through SMS-pull facility
  • Customers can indulge themselves in online trading via M/s Religare
  • The number of ATMs increased to 798 as on 30-09-2009.
  • Number of ATM/Debit Cards issued by the bank increased from 35.4 Lakhs as on 31-03-2009 to 45.52 Lakhs as on 30-09-2009
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