ESTABLISHMENT:

Andhra Bank is an Indian bank based in Hyderabad. The bank was established in the year 1923,
and its founder was Dr. Bhogaraju Pattabhi Sitaramayya, a well known freedom fighter and a
multifaceted genius. The Bank was registered on 20th November 1923 and commenced business
on 28th November 1923 with a paid up capital of Rs 1.00 lakh and an authorized capital of Rs
10.00 lakhs.

INTERNATIONAL EXPANSION
Andhra Bank opened a representative office in Dubai in May, 2006 and another at Jersey City,
New Jersey (USA),in June 2009. A foothold in New Jersey is strategic for the bank as the state
has a large number of non resident Indians from Andhra Pradesh.
In 2010 Malaysia awarded a commercial banking license to a locally incorporated bank to be
jointly owned by Bank of Baroda, Indian Overseas Bank and Andhra Bank. The new bank, India
BIA Bank (Malaysia), will reside in Kuala Lumpur, which has a large population of Indians.
Andhra Bank will hold a 25% stake in the joint-venture, Bank of Baroda will own 40% and IOB
the remaining 35%.
Founder:
Dr Bhogaraju Pattabhi Sitaramayya was born on 24th November 1880 in Gundugolanu village,
West Godavari District in Andhra Pradesh. He was a renowned Freedom Fighter and a very
illustrious personality. 

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HISTORY:
1980 - The Bank came into existence on 15th April, consequent to the taking over of the
undertaking of Andhra Bank, Ltd. It is Government of India undertaking. The Bank transacts
General banking business of all kinds including foreign exchange. - The Bank has 974 full
fledged branches, 40 cluster branches, 76 extension counters.

1983 - In March the Bank sponsored its second RRB Chaitanya Grameena Bank in Guntur
district.

1987 - The Bank sponsored its third RRB under the name Godavari Grameena Bank. Thus by
the end of 1988-89, the Bank had three RRBs, which together had 121 branches.

1994 - Rs 184.32 crores capital subscribed by Government

1996 - The Bank is 76 operating in 17 States and 2 Union Territories as at the end of the year.Rs
165 crores capital subscribed by Government.

2000 - Andhra Bank Employees have gone on strike on 27th July to 28 th July AndhraBank
Housing Finance Ltd, a subsidiary of Andhra Bank is planning to start housing cafes in 15 cities
throughout the country.

- Andhra Bank will be setting up a primary dealer subsidiary shortly.

- Andhra Bank has presented a proposal to Reserve Bank of India seeking to set up a subsidiary
for dealing in governmet securities.

-Mr. C.R. Sharma took charge as the new Executive Director of Andhra Bank on 27th
September.
- Andhra Bank installed a request transmitting machine at its Jubilee Hills Branch
in association the Stock Holding Corporation of India Ltd., the country's larges depository
participant.

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 - The Karnataka Power Corporation signed a multipartite agreement with Karnataka
Government, Infrastructure Development Finance Corporation, Andhra Bank and KPTCL for
funding Raichur Thermal Power Station expansion project.

2001 - Andhra Bank has tied up with a real estate portal, india properties.com, to provide
housing loans through the Internet.
-Andhra Bank has announced that it has entered into a rupee drawing arrangement with the
National Exchange Company, WLL, Doha, Qatar, for facilitating private remittances of India,
mainly on behalf of non resident Indians (NRIs).

2002 -Andhra Bank has posted a growth of 38% growth in its net profit for the third quarter of
Rs.46.78cr as against Rs.33.76cr for same period in previous year.

-Andhra Bank now mainly focussing on Retail lending and personal banking.

-Andhra Bank has reduced their rate of interest on the housing loans and is providing a series
of special features.

-Andhra Bank signed Memorandum of Understanding with United India Insurance Co. Ltd.,
and it would provide its products through various branches.
-Bank unveils Credit Card Laghu Udyami, which would offer hassle-free loan facility up to 2
lakh to small scale entrepreneurs.

-Shri Kasu Sudhakar has been appointed as part time Non-official Director of Andhra Bank.

-As an expansion plan, the Bank has opened a branch in Kottayam (Kerala).

-Andhra Bank has started its online ATM service.

-Bank started a new service called collection of Direct taxes which comprises corporate tax,
estate tax, gift tax etc.

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-Andhra Bank opened a special counter at its Narayanagunda branch in Hyderabad to provide
note exchange facility.

-Bank raised subordinated debt of Rs.140cr to increase its capital adequacy ratio.

-Andhra Bank situated at Nacharam has been endorsed with Quality Management System
Certification conforming to ISO 9001:2000 standards.

-Bank has entered into an alliance with Western Union Financial Services International, so as to
make available inbound money transfer services at all its locations in India.

-Bank reduces interest rates on deposits under FCNR scheme for the US dollar, UK pound and
Euro currency.

-R.Balakrishnan has been appointed as whole time Director on the Board of Andhra Bank.

2003 -Andhra Bank has slashed rate of interest on both domestic term deposits and NRE term
deposits.
-Andhra Bank takes position in Top 1000 banks of the world, as its operating profit zoomed
77%.
-Andhra Bank has received Insurance Regulatory and Development Authority license to act as a
corporate agent for procuring or soliciting business of the United India Insurance Company Ltd.
-Andhra Bank has achieved 100% computerization of all its branches and all of them are
running on uniform application software.
-Launched the anywhere banking facility for the account holder.

2004 -Andhra Bank has informed that the Government of India, Ministry of Finance,
Department of Economic Affairs (Banking Division), New Delhi vide Gazette Notification dated
January 12, 2004 has nominated Smt. Deepali Pant Joshi, Chief General Manager, Reserve Bank
of India, Hyderabad on the Board of the Bank in place of Smt. Devaki Muthukrishnan, Regional
Director, Reserve Bank of India, Bangalore.

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-Bank awarded special prize for lending to self help group run by women

2005 -Launches composite credit card for farmers and two insurance schemes for self-help
groups (SHGs) and senior citizens.
- Andhra Bank ties-up with Kirtilal Kalidas & Company, leading jewellers to extend loans for
the purchase of jewellery.
-Appoints Shri K Ramakrishnan as Chairman and Managing Director (CMD) upto July 31, 2008
-Andhra Bank has filed for its follow-on public offer for 8.5 crore new equity shares to raise
nearly Rs 800 crore to shore up its capital.

2006 -Andhra Bank sets up new branch at Kalina

-Andhra Bank sets up overseas office at Karama in Dubai

-Andhra Bank joins hand with Consortium of Institutions for Higher Learning for study loans

2007-Andhra Bank rolls out Bima Utsav

-Andhra Bank to set up biometric ATMs

-Andhra Bank all set to introduce mobile ATM in Vizag

2008 - Andhra Bank has appointed Shri. Rajib Sekhar Sahoo, as part-time non-official Director
on the Board of Andhra Bank for a period of three years with effect from the date of his
appointment i.e., July 14, 2008, until further orders.

-Andhra Bank signs MoU with Crisil

-Andhra Bank rolls out 'Bima Utsav II'
2009 -Andhra Bank has been awarded the 'Indira Gandhi Rajbhasha Puraskar 2008' for the
execution of official language policy in the bank.

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-Andhra Bank on June 23 launched a deposit scheme 'AB Recurring Plus with several special
features, including monthly instalments of not less than Rs.100 and not more than Rs.1 lakh
(core amount).
2010 - Andhra Bank has appointed Mr. A. A. Taj, General Manager, Union Bank of India, as a
whole time Director (designated as the Executive Director) of Andhra Bank.

- Andhra Bank has entered into an insurance joint venture with Bank of Baroda and Legal and
General. Launching the joint venture under the name India Frist Life Insurance Company Ltd.

- Andhra Bank has has appointed Shri. Manoranjan Das, Special Assistant, Andhra Bank, as
Workmen Employee Director on the Board of Directors of Andhra Bank for a period of three
years from the date of nomination or till he ceases to be a workmen employee of the Bank or
until further orders, whichever is earliest.

- Andhra Bank has appointed Shri Manoranjan Das, Special Assistant, Andhra Bank, as
Workmen Employee Director on the Board of Directors of Andhra Bank for a period of three
years from the date of nomination or till he ceases to be a workmen employee of the Bank or
until further orders, whichever is earliest.

- Andhra Bank has tied up with the United Arab Emirates Exchange Centre at Kuwait in an
arrangement under which the bank's customers, NRIs there, can remit amounts that will be
credited to account holders in India the same day.

CENTRAL BOARD:

Shri R Ramachandran has been appointed as Chairman & Managing Director

of Andhra Bank. He has assumed office on 01.09.2010.Prior to joining in our
bank; he was Executive Director of Syndicate Bank from 19.12.2008 to
31.08.2010. Earlier Shri Ramachandran was General Manager of Indian
Bank.

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A Post Graduate in Science with Post Graduate Diploma in Financial Management, Sri
Ramachandran (1952), started his banking career with Indian Bank in 1973 as a Probationary
Officer. He has wide overseas experience with a stint in Colombo and in Singapore as General
Manager and Chief Executive Officer of Singapore Operations. Assignments handled by him
include Head of Overseas Branch, Mumbai, Dy. General Manager, International Division, Circle
Head, Bangalore and General Manager/Circle Head, Mumbai. He has wide exposure to areas of
Corporate Credit, Forex/Treasury and International Banking.

Shri Ramachandran has attended various training programmes on Forex Markets and
International Banking, held in Singapore, U. S., Thailand, China and U.K during his career with
Indian Bank and Syndicate Bank.

BOARD OF DIRECTORS:

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.,

Shri A A Taj, B.Com., C.A., has joined Andhra Bank as Executive Director on
07.12.2009. Prior to joining Andhra Bank, he was General Manager, Union
Bank of India. He has long tenure of 33 years in Union Bank of India -- served
as Branch Manager, Regional Manager, Zonal Manager, Field General Manager
and functional head at Corporate Level. His strength is to take quick decisions backed by
knowledge and experience and motivate and inspire his followers / subordinates by setting
example of his total involvement, highly professional approach.

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 Smt. Madhulika P Sukul, present Joint Secretary (Per), Department of
Expenditure, Ministry of Finance has been appointed as Govt. of India Nominee
Director on Andhra Bank's Board from 13.01.2009. She worked as Joint
Secretary, Sixth Central Pay Commission ; Integrated Financial Adviser, Air
Head Quarters ; Director, Twelfth Finance Commission.

This is to inform that the Government of India, Ministry of Finance, Department

of Financial Services, New Delhi, vide Gazette Notification F.No. 9/2/2007-

BO.I dated 30th July, 2010, in exercise of the powers conferred by clause © of

sub-section 3 of section 9 of The Banking Companies (Acquisition and Transfer of

Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3 of the Nationalised Banks

(Management and Miscellaneous Provisions) Scheme, 1970/1980, has nominated Shri K.R.

Ananda as RBI Nominee Director on the Board of Directors of Andhra Bank with immediate

effect and until further orders.

The Other Directors:

 Dr. Shabil Gupta

 Shri Rajib Sekhar Sahoo

 Shri Prem Prakash Pareek

 Shri V H Ramakrishnan 

 Shri K Raghuraman

 Shri Manoranjan Das 

 Shri N V R Reddy

 Shri N Rajagopal Reddy

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CEO OF ANDHRA BANK:

Rajasekhara S. Reddy serves as a General Manager of Bank of

India. Sri. Reddy served as the Chairman of the Board and

Managing Director of Andhra Bank of Andhra Bank Financial

Services Limited from August 2, 2008 to September 1, 2010.

He joined Bank of India as Probationary Officer in 1974. Sri. Reddy 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 locales like the states of Karnataka, Goa, Andhra and Maharashtra and a

31/2 years stint abroad in New York served as the Chief Executive of Bank of India's

American Operations. He served as a Director of Andhra Bank from August 2, 2008 to

September 1, 2010. Sri. Reddy served as an Executive Director of Union Bank of India

since May 1, 2006. He is a Post-graduate in Agriculture.

OFFICES AND BRANCHES:

There are 1448 Andhra Bank branches that cover 22 states and 2 Union Territories.
Andhra Bank branches are function under core Banking platform. As on 30th June 2009,
Andhra Bank has 778 ATM centers, Other than these ATMs there are 38,000 ATMs where
Andhra Bank’s ATM cards are acceptable. Bank has plans to open 121 more branches and 50
ATMs in North India.

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Area Branches
Metro 259
Urban 449
Semi-Urban 433
Rural 423
Extension Counters   47
Total (Indian) 1611
Representative Offices       2
Total (Global) 1613

Banks Lead Districts:

State Lead Districts

Andhra Srikakulam, East Godavari, West Godavari &
Pradesh Guntur
Odisha Ganjam & Gajapati

REGIONAL OFFICES:

1. Ahmedabad 11. Jaipur

2. Bangalore 12. Kolkata
3. Chandigarh 13. Mumbai
4. Chennai 14. Mysore
5. Coimbatore 15. Nagpur
6. Delhi / NCR 16. Nashik
7. Ernakulam 17. Pune
8. Goa 18. Surat
9. Hyderabad 19. Vadodara
10. Indore 20. Vizag

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EMPLOYEES:

No. of employees working in Andhra Bank are 13,922 spread across the length and breadth of
the country (India).

PROFITS:

Andhra Bank profit rises 10.58%

State-run Andhra Bank on Thursday reported a net profit of Rs 303 crore for quarter ended
September, a 10.58 per cent increase compared to Rs 274 crore in the year-ago period. Revenues
stood at Rs 1,941.1 crore, up 24.61 per cent from Rs 1,557.72 crore.

Net interest income increased 52 per cent to Rs 783 crore, as against Rs 515 crore in the year-ago
period. This was mainly due to increased advances, which picked up when interest rates were
low, Andhra Bank Chairman and Managing Director R Ramachandran said.

At 5.67 per cent, the cost of deposits came down significantly by 68 basis points (bps), as against
6.35 per cent last year. From 11.21 per cent last year, the yield on advances came down to 10.98
per cent, down 23 bps.

Cost of funds decreased to 5.25 per cent, as against 5.8 per cent in the year-ago period. However,
the yield on funds increased to 8.8 per cent from 8.67 per cent last year, Ramachandran said.

Net interest margins (NIMs) rose to 3.91 per cent from 3.14 per cent in the year-ago period. “It
will be difficult to sustain the NIM momentum. We will be happy if we can maintain it at 3.5 per
cent,’’ he said, adding NIM was already under pressure due to rising deposit rates. “The deposit
rates are likely to go up further,’’ he said.

The operating profit increased to Rs 565 crore, as against Rs 453 crore last year, up 24.72 per
cent. Total business rose to Rs 139,604 crore, up 26.38 per cent from Rs 110,461 crore last year.

Deposits were up 26.18 per cent to Rs 78,584 crore, as against Rs 62,279 crore in the year-ago
period. Advances stood at Rs 61,020 crore, up 26.64 per cent from Rs 48,182 crore.

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Net non-performing assets stood at 0.49 per cent, or Rs 299 crore, he said.

On Microfinance Institutions (MFIs)

The bank had an all-India exposure of Rs 300 crore to MFIs, the chairman said. “We see it as
any other sector before lending. There is no need to panic and we still see loans extended to the
sector as standard assets,’’ he said, adding no decision had been taken to stop advances to the
sector.

He said there were no guidelines for the state-level bankers’ committee (SLBC) — of which
Andhra Bank is the lead bank — for decreasing the fund flow to MFIs. “There is no mandate to
look into the possibility of a debt swap,’’ he said.

Debt swap was also not on the agenda of the core committee formed in the wake of the crisis in
the MFI sector. Five banks are part of the committee—Andhra Bank, State Bank of India, State
Bank of Hyderabad, Indian Bank and Syndicate Bank.

No bank had given commitment to curtail loans to MFIs, he said, adding SLBC would look at
ways to ensure the poor were not pushed into the debt trap as banks were still the main lenders to
agriculture and self-help groups. “For banks, MFIs are an opportunity for safe lending,’’ he said.

DEPOSITS AND LOANS:

Different deposit schemes provided by Andhra Bank to its customers are listed below.

• Savings account
• Current account
• Term Deposit
• Other schemes

Andhra Bank focuses mainly on two types of loans such as retail loans and agricultural loans.
Loans under these types are listed below.
• Anand Jeevan Loan
• Vehicle Loan

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• Doctor Loan
• Nightingale Loan
• Home Loan
• Personal loan
• Mahila Soubhagya
• Kisan Vikas Card
• Kisan Chakra
• Solar cookers
• Surya Sakthi
• Tractor Financing

FUNCTIONS AND SERVICES:

ANDHRA BANK EASY SAVING ACCOUNTS

To make banking facilities available to vast sections of population our Bank introduced No Frills
Savings A/c with name and style "AB Easy Savings Bank" account.
 
FEATURES
1. Minimum balance of Rs.5/-
2. No Charges on non maintenance of Minimum Balance
3. No other service charges
4. No Restrictions on the number of withdrawals in the account. Drawals only 
through withdrawal forms accompanied by pass book.
5. No cheque book shall be issued
6. No ATM / Debit card facility
7. No ABB facility
8. Relaxed KYC Norms,       
 Introduction by an existing account holder. The introducer's account with 
the bank should be at least six month old and should show satisfactory
transactions.

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  Any other evidence as to the identity and address of the customer to the 
satisfaction of the bank.
CONDITIONS
 The total balance in the account at any point of time should not 
exceed   Rs. 50000/- 

ATMMOBILE – AN ATM PLUS MARKETING POINT IN BRINGING CONVENIENCE

TO YOUR DOOR STEPS

Andhra Bank the pioneer in several banking services and products, now brings banking services
to the doorsteps of customers. Mobile ATMs, apart from expanding the reach of the bank, will
also effectively function as a market point offering multiple services even in remote areas.

SERVICES INCLUDE

       Balance Enquiry.
       Cash Withdrawal.
       Mini Statement.
       Funds Transfer.
       Cash against Credit Cards.
       Mobile recharge.
       ATM Cards of SBI, Indian Bank, UTI, IDBI, HDFC Banks.
       Utility Payments.

ADVANCED TECHNOLOGY - TO MEET CUSTOMER NEEDS

 ATMobile works on advanced CDMA technology, and is designed with inbuilt security
features. Computers and wireless connectivity ensures that records were also updated
immediately at these mobile locations. The front portion of the custom built vehicle will
have an ATM, while the rear portion will be used for customer service, by the bank staff.

CMS (CONTENT MANAGEMENT SYSTEM)

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  CMS is a banking service that enables the customers to manage their Receivables and
Payments efficiently and effectively. Under CMS, customers get a Single point credit for
the cheques deposited by their dealers at multiple locations.

RTGS (REAL TIME GROSS SETTLEMENT SYSTEM)

 
 Real Time Gross Settlement System (RTGS) is the ultimate in the payment and
settlement architecture in any country primarily for online, real time inter bank payment
and settlement of large value funds.
  
 In other words, this is an electronic payment processing environment where payment
instructions are processed on continuous / on real time basis and settled on gross /
individual transaction basis with out netting the debits against credits.
  
 RTGS payment system can also be called as one in which payment instruction between
banks are processed, settled individually and continuously throughout the day as per the
timings fixed from time to time. (Between 9.00 a.m and 3.00 p.m daily and 9.00 a.m and
12.30 p.m. on Saturdays as of now) RTGS works on all days except on Sundays and
National holidays across states

ELECTRONIC CLEARING SERVICE

Electronic Clearing Service benefits the Bank Customers & Investors in Shares / Debentures
/Deposits.

Direct Credits

 Dividend income from investment in shares/debentures

 Interest income from fixed deposits and bonds
 Commission and other regular incomes
 Salary and pension
 Income-tax refund orders and other inward remittances

Direct Debits

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  Telephone & Electicity Bills, loan instalments & insurance premia
 School, College & Club Membership fees
 Credit Card dues
 Water taxes, property taxes & other regular payments

Awards and Rewards

 
Andhra Bank No.1
 
  Beating the Blues

Two years after the financial cataclysm rocked the global banking system, the banking sector in
India is back in the reckoning.  The performances of the banks for FY 2009-10, as "The
Analyst"   Banking Special show, reaffirm the belief that it pays to be conservative.  

The annual survey of  The Analyst  Banking Special, which enters its seventh edition this year,
aims to analyze  the remarkable resilience that Indian Banking  Sector has shown even amidst the
worst crisis in modern times, individual bank's performances, the strategies and the vital
takeaways.  Using the  highly acclaimed CAMEL  Methodology, this study gauges performances
of  state-owned banks, private sector banks and foreign banks on the key parameters like Capital

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Adequacy, Asset Quality, Management, Earnings Quality and Liquidity.

The annual  survey highlights that the year clearly belonged to the minnows of the banking
world : the Hyderabad based  Andhra  Bank tops the list in the  Public Sector Banks 
category, while  Tamilnad Mercantile Bank, another South India based bank, which emerged 
triumphant in the  private  sector banks.  Among  foreign banks, Shinhan Bank takes the top
honors this year.
 
  Andhra Bank Won The Best Public Sector Award

Andhra Bank has won the Banking Excellence Award for the Best Public Sector Bank ,
instituted by the State Forum of Bankers Clubs Kerala on 13.11.2010   Andhra Bank, South 

Indian Bank and Yes Bank have won  the top award  as the best banks in the categories of 
Public Sector, Old Private Sector and Private New Generation   Banks, at the Banking 

Excellence Awards instituted by the States Forum of Bankers' Clubs.

 
  MSME National Award

Andhra  Bank  received  the  MSME  National Award  for the year 2009-10 for  Andhra  Bank's  
outstanding performance in  PMEGP  Scheme  in  National Awards  Presentation  Function, 
New  Delhi on 31.08.2010
 
  ANDHRA  BANK   breaks  into  Top 500 Global List

Andhra  Bank  with  a  brand value of  $ 134 million, has been listed as one the Top 500 Global

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Financial Services  Brands by  UK  based  Brand  Finance co.  Andhra  Bank is ranked  461 in
the  Brand  Finance @ Global Banking 500, an annual international ranking, the bank is  one of
the Top 20 Indian Banks in the global league for this year
 
  AWARD   RECEIVED   FOR  THE  YEAR 2009 

Best  Bank  award 

Sri R S  Reddy,  Chairman and Managing Director of  Andhra  Bank  received  the  Best Bank
award  on 26.11.2009  in  Mumbai.Andhra Bank has  been  adjudged the  BEST  BANK  for  the
year 2009 on Quality of  Assets  by  the  BUSINESS TODAY-KPMG Study.  Among all classes 
of  Banks in India-Public, Private or foreign, Andhra  Bank  has the best  percentage of 
performing  assets.  Net  NPA  is 0.16% as against  an  industry  average of  1.50%, with
delinquency  ratio of just  0.23%.

ANDHRA  PRADESH  AWARD  for  MSME  2007-'08

Sri R S Reddy, Chariman and Managing Director of Andhra Bank  received the ANDHRA
PRADESH  STATE  AWARD  for  bank's  outstanding contribution to Micro & Small 
Enterprises Development  2007-2008 from Sri K Rosaiah, Chief Minister of  Andhra  Pradesh on
02.11.2009.
 
  Awards Recived-  in  the   Year  2006-07 :

SAFA award

 Received Best Presented Accounts Award 2005 from SAFA's (SouthAsian Federation of

Accountants)Centrein Colombo,Sri Lanka on 16.01.2007.

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"BEST BANK AWARD" by IDRBT, Hyderabad

Andhra Bank has bagged the "Best Bank Award" in the category of "Use of IT for Customer
Service in Semi Urban and Rural areas" for 2005-06. Our Chairman & Managing Director, Sri K
Ramakrishnan has received the award from Sri Y V Reddy, Governor, RBI at Institute for
Development and Research in Banking Technology (IDRBT) Hyderabad on 2.9.2006.
 
   MILESTONES ACHIEVED AND AWARDS RECEIVED DURING 2005-06

FINTECH Asia 2006 Award For "Any Branch Banking (ABB)"

 Andhra Bank has bagged the FINTECH Asia 2006 Award for its initiatives under "Any Branch
Banking (ABB)" service across the Country. Andhra Bank is the only Bank in the Country to
receive one of the six Awards announced by the Financial Insights (USA), an IDC Company,
which is a Subsidiary of IDG, the World's leading IT Media, Research and Exposition Company.

Ranked 683rd among Top 1000 Banks in the World

The prestigious 'The Banker' - a Financial Times Business Publication, July 2005 Issue published
from London has ranked Andhra Bank as the '683rd Largest Bank Globally', out of the Top 1000
World Banks' Annual Rankings.
2nd Highest Mover in the World having climbed 277 places over previous year
Andhra Bank also happened to be the 'Second highest mover in the World and highest mover
compared to any other Bank in Asia' having climbed 277 places in the Top 1000 Banks'
Rankings based on Tier-I Capital
Ranked as the Top Number 1 Bank in Asia under the "Return on Capital"
'The Banker' Magazine went on to Rank 'Andhra Bank as the Top Number 1 Bank in Asia' under
the "Return on Capital" among all the Asian Banks - Rankings being based on Tier-I Capital
Business Parameter.
Adjudged Best Bank by Analyst Magazine - An ICFAI Publication
Our Bank has been adjudged as the "Best Bank under Large Banks Category" by "The Analyst"
Magazine - An ICFAI Publication, in its Performance Analysis of Select Indian Banks for 2004-

19
05.
The Best Bank as per the Business Standard Annual Banking Survey, 2004-05
The "Best Bank" Status was conferred on our Bank by the Business Standard in its Annual
Banking Survey for 2004-05 in terms of Productivity, Profitability, Growth, Safety and
Efficiency.

Best Bank Rating from Business Today Magazine 

The Business Today Survey of the Best Banks in India has Ranked Andhra Bank at 5th Place
under Largest Banks Category compared to last year where the Bank was Ranked at 15th Place
in terms of Size and Strength, Operations, Productivity and Efficiency, Quality of Earnings,
Capital Adequacy and Asset Quality. The Bank has also been Ranked No.5 under Slowest NPA
Growth Category and Ranked No.2 under Return on Capital Employed Category.

 ICRA Rating for Corporate Governance

Our demonstrated commitment to vigilant Corporate Governance has been rewarded by ICRA,
which assigned us a Corporate Governance Rating of "CGR-2". This denotes high level of
assurance on the quality of Corporate Governance.

Award of Institute of Chartered Accountants of India for excellence in Financial Reporting

The Institute of Chartered Accountants of India (ICAI) has recently awarded our Bank the
"Silver Shield" under the category of Banking, Insurance and Financial Institutions, given for
excellence in financial reporting in published accounts for the year, 2004-05. Our Bank is the
only Public Sector Bank to receive an Award from ICAI.

 IBA Technology Award

 Andhra Bank has been conferred the "Runner-Up" Award under "Best Payment Initiative" at the
Indian Banks' Association (IBA) Banking Technology Awards, 2005 for having wide ATM
Network and highest number of hits per day.  

Awards for SLBC, as Convenor Bank in the State of AP

 State Level Bankers' Committee (SLBC) of A.P. (Convenor Bank : Andhra Bank) has been
awarded for ensuring excellent performance by all Banks for Kharif 2005.

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 Andhra Bank as the Convenor Bank for the State Level Bankers' Committee (SLBC) of AP has
been presented an Award for its excellent coordinating efforts in implementation of Rajiv
Yuvashakti Scheme.

Awards for Best Performance under Kharif Loans

 Andhra Bank was awarded by the Government of Andhra Pradesh for Best Performance in
exceeding Targets under disbursement of Kharif during 2005.

Best Bank in lending to Agriculture

 Government of Andhra Pradesh has instituted for the first time Awards for Best Farmers and
Best Bankers at the State Level and District Level. Andhra Bank has bagged the Best Banker
Award at the State Level for its overall performance.

Best Banker in lending to Unemployed Youth under Rajiv Yuva Sakthi

 Andhra Bank has been given the Best Banker Award for its performance during the Year,
2005-06 for achieving Targets under the Rajiv Yuva Sakthi Scheme.

Overwhelming Response for Bank's Follow-on Public Issue (FPO)

  The Bank's 2nd Public Issue (FPO) in January 2006 received overwhelming response and
the Follow-on Public Issue was oversubscribed by 11 times.

CONCLUSION:

1. 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).
2. 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
3. The revenue of the bank has been raised to 10,000 crore.

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4. State-run Andhra Bank on Thursday reported a net profit of Rs 303 crore for quarter
ended September, a 10.58 per cent increase compared to Rs 274 crore in the year-ago
period. Revenues stood at Rs 1,941.1 crore, up 24.61 per cent from Rs 1,557.72 crore.

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REFRENCES:

1. Andhra Bank – Wikipedia

2. Andhra Bank – Official Site
3. Economic Times – E paper

“Much more to do, with YOU in focus”

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