Andhra Bank
Kiddy Bank Scheme, with insurance benefits, was relaunched to inculcate savings habit among the children. Bank has mobilized nearly 90000 new accounts during 2007-08.
As a part of “Financial Inclusion”, Bank adopted two districts, namely, Srikakulam in Andhra Pradesh and Ganjam in Orissa and achieved 100% coverage. Bank has introduced Smart Card Scheme Pilot project in Warangal District and the same will be extended to other Lead Districts in due course. Bank has opened 2.11 lakh accounts under “No-frill accounts” category till 30.06.2008.
Andhra Bank, along with A P State Government, NABARD, Canara Bank, Indian Bank, IOB and SBH sponsored the Andhra Pradesh Banker’s Institute of Entrepreneurship Development, which will offer training to unemployed youth for improving their skills in Andhra Pradesh.
Our Bank adopted Gundugolanu village, West Godavari District, Andhra Pradesh – birth place of Dr.Bhogaraju Pattabhi Sitaramayya for all-round development. A comprehensive budget with an outlay of Rs.5.50 Crore is finalized for improving health, sanitation, education and social service facilities in the village.
Bank has been ranked No.1 in terms of number of Life Insurance Policies mobilized amongst all the Agency Banks dealing with “Life Insurance Corporation of India”. Bank also has tie-up with United India Insurance Company Limited under Bancassurance(Non-Life).
Bank was ranked 532nd for the year ended 31.03.2007 amongst Top 1000 Banks in the world by “The Banker” – a London based publication based on Tier I Capital as defined by Basel’s Bank for International Settlements (BIS).
Bank entered MoU with Bank of Baroda and Legal & General Group of UK to form a joint venture life insurance company. The shareholders’ agreement has already been signed and necessary formalities are being completed for setting up of the company. The JV Company is already incorporated in June’08 and is in the process of filing for approvals from IRDA etc.,
Bank is in the process of forming a Joint Venture in Malaysia in association with Bank of Baroda and Indian Overseas Bank.
The Bank opened its Representative Office in Dubai in May, 2006 and has received permission from Reserve Bank of India, Federal Reserve Bank, USA for opening Representative Office at Jersey City, New Jersey (U S A).
Andhra Bank will open its Representative Office in New Jersey City in United States shortly. Bank feels United States would be an ideal location as Andhra Bank has been a household name among many NRIs there. A foothold in New Jersey is strategic for the 84 year old bank as it has a large number of non resident Indians from Andhra Pradesh.
Thus our Bank accords utmost concern to customer satisfaction by offering innovative and need based financial products and services using state-of -the art technology.
Corporate Identity
TOGETHERNESS IS THE THEME
The Symbol of Infinity denotes a Bank that is prepared to do any thing, to go to any lengths, for the customer
The Blue pointer on the top represents the philosophy of a Bank that is always looking for growth and newer directions.
The Key hole represents Safety and Security
The Chain indicates togetherness
The colours Red and Blue denote dynamism and solidity
OUR TOP EXECUTIVES :
SHRI R S REDDY, CHAIRMAN AND MANAGING DIRECTOR
Shri R S Reddy took charge as Chairman and Managing Director of Andhra Bank on 02.08.2008.
He is a Post Graduate in Agriculture. He hails from Bagepalli in Karnataka State. He had his initiation into the corridors of banking services as a Probationary Officer in Bank of India in May 1974.
He has 34 years of experience as a Banker in multifarious assignments – as Officer, Branch Manager, Development Manager, Regional Manager and General Manager in various geographical locale- like the states of Karnataka, Goa, Andhra Pradesh and Maharashtra ; and a three and half year stint abroad in New York as the Chief Executive of Bank of India’s American Operations.
On his return to India from his U S assignment in July 2005, Shri Reddy took up the reins of the crucial department of Asset Recovery in addition to Retail Business in Bank of India and was instrumental in initiating strong measures in recovery resulting in substantial reduction in Non Performing Assets and in augmenting Non Interest Income.
Prior to joining in our Andhra Bank, Shri R S Reddy was Executive Director of Union Bank of India from 01.05.2006 to 01.08.2008.
Shri Anil Girotra , Executive Director
Sri Anil Girotra, M.Sc., LLB, CAIIB, Dip. in Per. Mgt. ; Dip. in Corporate Laws has joined Andhra Bank as Executive Director on 17.05.2008. Prior to joining Andhra Bank, he was heading UK Operations of Canara Bank in London as Chief Executive. He joined Canara Bank as Officer Trainee in September 1975. He held important positions viz., headed Regional Office, Mumbai ; headed Lucknow Circle covering Uttar Pradesh, Uttarkhand States ; headed Kolkata Circle covering West Bengal, Orissa and Northeastern States ; held Senior position in Housing Finance Company of Canara Bank ; headed Merchant Banking Division of the bank in northern India. He has 33 years of varied experience in Banking Operations and Administration. He evinces interest in anything new – be it technology, sports etc.,
Names & particulars of the executives (General Managers) at Head Office, Hyderabad
| General Manager’s Name | Contact Number | Extension Number |
| Sri N Vijaya Kumar | 040-23242026 | Extn : 2240 |
| Sri A.L. Nageswara Rao | 040-23211915 | Extn : 2270 |
| Sri R.J. Vaidyanathan | 040-23237915 | Extn : 2250 |
| Sri S. Suryanarayana | 040-23210852 | Extn : 2280 |
| Sri T R S Trivedi | 040-23211024 | Extn : 2290 |
| Sri D Jogi Raju | 040-23241099 | Extn : 2260 |
| Sri Rakesh Sethi | 040-23241891 | Extn : 2220 |
| Sri Nilmani Patel | 040-23210314 | Extn : 2370 |
| Sri P Srinivas | 040-23210234 | Extn : 2210 |
| Sri H N Das 040-23235344 Extn : 2230 | ||
Executives (General Managers) at other places:
| Executives (General Managers) | Contact Number | Zone |
| Sri B Raj Kumar | 040 – 24757472 | G.M. – Hyderabad Zone |
| Sri M Anjaneya Prasad | 022 – 26876182 | G.M. – Mumbai Zone |
| Sri V. Ramgopal | 022 – 22700052 | G.M. – Funds & Invest. (Mumbai) |
| Sri S Prabhakar Reddy | 040 – 24750569 | G.M.- AB Building,Sultan Bazar, Koti Hyderabad |
| Sri V S R Gopal | 0124 – 2581934 | G.M. – New Delhi Zone |
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