Public sector lender, Andhra Bank, has reportedly opened 90 next generation branches in Andhra Pradesh. These branches will have complete automatic machines in the front desk and facilitate routine business transactions round-the-clock. Meanwhile, the bank is planning to take its next generation branches network to 250 by the end of current fiscal either by converting existing ones and opening new branches.
Andhra Bank has reported a fall of 78.30% in its net profit at Rs 70.65 crore for the quarter ended September 30, 2013 as compared to Rs 325.63 crore for the same quarter in the previous year. However, total income of the bank increased by 11.74% at Rs 3817.57 crore for quarter under review as compared to Rs 3416.55 crore for the quarter ended September 30, 2012.
Andhra Bank has reported a fall of 78.30% in its net profit at Rs 70.65 crore for the quarter ended September 30, 2013 as compared to Rs 325.63 crore for the same quarter in the previous year. However, total income of the bank increased by 11.74% at Rs 3817.57 crore for quarter under review as compared to Rs 3416.55 crore for the quarter ended September 30, 2012.
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