• search

Andhra Bank likely to achieve Rs 2400 cr by financial year

Written by: Staff

Rajahmundry, Andhra Pradesh Mar 13(UNI) Andhra Bank, Kakinada Zone is expected to achieve a total business of Rs 2400 crore by the financial year end, according to Rani Prakash, Assistant General manager, Kakinada.

Talking to newspersons here today Ms Prakash said the bank had Rs 1100 crore deposits and had extended loans to the tune of Rs 1010 crore.

She said the Zone had 94 branches and three extension counters.

She said the non-perfoming assets(NPAs) of the bank was to the tune of 1.61 per cent and it would be brought down to 1.31 by the end of financial year.

Ms Prakash said the bank had extended loans to self-help groups(SHGs) for Rs 120 crore.

The bank's ongoing 'Maha Mela' was focusing on deposit moblisation, retail lending and fee-based financial services, she added.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more