Andhra Bank

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About Andhra Bank

Andhra Bank is one of the leading public sector banks in India. With its headquarters in Hyderabad, which is currently the shared capital city of Andhra Pradesh and Telengana,
the bank has worked hard to be recognised for its pan India presence in the past decade, outgrowing the South Indian focus that it had retained since its inception. Andhra Bank was founded in 1923 by Dr. Bhogaraju Pattabhi Sitaramayya, an eminent freedom fighter and political leader from the West Godavari region of Andhra Pradesh. The bank obtained its registration on 20 November 1923 and within a few days commenced banking activities. Andhra Bank was nationalised in the second phase of bank nationalisation in India in 1980.

Outreach and Network

Andhra Bank has operations in about 26 states of India and some union territories as well. The bank has about 1,329 branches, 9 extension counters, 2 representative offices, 32 zonal offices and over 1500 ATMs. About 19,933 personnel were employed by Andhra Bank as of January 2015. The bank also has international offices in Malaysia, Dubai and the U.S. The Government of India owns 58 percent stake in the bank, while LIC, the state-owned life insurance provider, owns 10 percent.

Andhra Bank has outgrown its regional image by far and has been the recipient of many awards in the country. In 2010, it was bestowed upon the Best Mid-size Bank Award in Businessworld – PricewaterhouseCoopers Survey for India's Best Banks. Andhra Bank was awarded ‘Editorial Board Roll of Honour’ in the Mid-sized Banks Category in the CNBC TV18 Best Bank and Financial Institution Awards in 2011.

Products and Services

Apart from its mainstay in retail banking, Andhra Bank has made significant inroads into Corporate Banking and NRI Banking services. The bank also offers specialised banking services and finance to Micro, Small and Medium Enterprises (MSME). With banks that specifically cater to these enterprises, Andhra Bank offers tailor-made schemes to meet their financial needs. Another sector where Andhra Bank has made its presence felt is the agricultural sector. From offering agricultural loans to offering indirect finance, Andhra Bank has been at the core of India's agricultural finance system. The bank had organized over 2000 camps and distributed financial literacy material to potential account holders before signing them up.

Andhra Bank was one of the top banks to actively participate in the Pradhan Mantri Jan Dhan Yojna scheme and had opened up about 5.27 lakh accounts under the scheme by September 2014.

Technology and e-banking

Andhra Bank has been one of the earliest banks to empower its customers with credit cards. Similarly, the bank has been one of the earliest banks to make use of technology and bring e-banking facilities to its customers. Apart from e-banking and mobile banking facilities, Andhra Bank allows customers to pay utility bills and credit card dues online, file taxes online as well as through the ATM, trade in equity online and book rail tickets through net banking. SMS alert services and telephone banking are also two of its many technology-driven services. The bank has a strong Internet security system allowing for safe online banking while keeping phishing and hacking at bay.

Andhra Bank Financial Performance

Andhra Bank's performance has been gladdening to its investors. As of early May 2015, the bank held a market capitalisation of about Rs. 4385.7 crore. Here’s a look at its performance over the past four quarters –
  • In the last quarter (January - March) of FY 2014-15, Andhra Bank reported a 110.3 percent growth in net profit from the same period a year ago. The net profit for the quarter was reported at Rs. 185.24 crore (up from Rs. 88.08 crore in Q4 FY 14). The total income also grew by 15.8 percent to Rs. 4699.1 crore from the same quarter previous year.
  • In the third quarter (October - December) of FY 2014-15, the bank reported a spectacular four-fold increase in its net profit to Rs. 202 crore (up from Rs. 46 crore net profit in the same quarter previous year). The total income in this period grew over by 16 percent to Rs. 4540 crore from the same quarter previous year.
  • In the second quarter of FY 2014-15 (July - September), Andhra Bank reported double the profit over the same period in the previous year (Rs. 144.49 crore in Q2 FY 14-15 from Rs. 70.65 crore in Q2 FY 13-14).
  • In the first quarter of FY 2014-15 (April - June), Andhra Bank reported 54 percent decline in its net profit from Rs. 231 crore (FY 13-14) to Rs. 107 crore. The total income in this quarter was pegged at Rs. 4205.06 crore (up 9.1 percent). The loss was largely attributed to a rise in bad loans due to poor monsoons.

Vision and Future Plans

Andhra Bank defines its vision as “To become a significant player, providing full range of banking services through innovative customer centric products and to maximize stake holders’ value” and its mission as “to work together towards delivering excellent customer service by leveraging on technology and human resources to attain world class performance standards”.

The Government of India has plans to merge a number of small Public Sector Banks (PSBs) with five other large PSBs. While these merger plans have not been defined yet, Andhra Bank is among the PSBs with less than Rs. 2 lakh crore worth assets that are slated to be merged.

Head Office of Andhra Bank

5-9-11,Dr Pattabhi Bhavan,
Secretariat Road, Saifabad
Hyderabad 500 004. Telangana
Ph: 040- 23252000
Email ID:

Toll Free Numbers

1800 425 1515 (Tele Banking)
1800 425 2910 (ATM card support)
1800 425 4059 (Credit card support)
1800 425 7701 (Pension related issues)

Last Updated on May 16, 2015