Public sector lender, Andhra Bank has inaugurated its first electronic banking zone at the Seetammadhara branch in Visakhapatnam to ensure hassle-free 24x7 banking transactions for its customers. The e-banking zone has a cash deposit machine that is operated using the ATM debit card. Once the customer punches in the PIN on a shielded keypad, a slot opens up to deposit up to 200 pieces of currency notes of Rs 50 and above denominations. The said facility rolled out under the bank’s Nav Shakthi programme. This type of facility would also be available at the Maharanipeta, Gajuwaka, and Steel Plant branches in a couple of weeks.
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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