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Andhra Bank.

BSE: 532418 Sector: Financials
BSE LIVE 15:53 | 23 Jun 55.80 -2.35






NSE 15:58 | 23 Jun 55.65 -2.65






OPEN 58.30
VOLUME 392035
52-Week high 76.10
52-Week low 45.60
P/E 21.80
Mkt Cap.(Rs cr) 3,801
Buy Price 0.00
Buy Qty 0.00
Sell Price 55.80
Sell Qty 1450.00
OPEN 58.30
CLOSE 58.15
VOLUME 392035
52-Week high 76.10
52-Week low 45.60
P/E 21.80
Mkt Cap.(Rs cr) 3,801
Buy Price 0.00
Buy Qty 0.00
Sell Price 55.80
Sell Qty 1450.00

Andhra Bank. (ANDHRABANK) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me immense pleasure to share with you that your Bank crossed yet anothermilestone during financial year 2015-16 with its total Business surpassing the Rs.3.10Lakh Crore mark. The performance highlights of your Bank for the Financial Year 2015-16are as follows:

Total Business increased to Rs. 310673 Crore as on 31.03.2016 from Rs.284588 Crore as on 31.03.2015 registering a growth rate of 9.2%.

Total Deposits increased to Rs. 174302 Crore from Rs. 155012 Crore in theprevious year registering a growth rate of 12.4%.

CASA Deposits increased to Rs. 45465 Crore from Rs. 42402 Croreregistering a growth rate of 7.2%.

Cost of Deposits stood at 7.18%.

Gross Bank Credit increased to Rs. 136371 Crore from Rs. 129576 Croreregistering a growth rate of 5.2%.

Credit Deposit Ratio stood at 78.27% compared to 83.61% during theprevious year.

Yield on advances stood at 10.71%

Net Interest Margin stood at 3.18%.

Non-Interest Income stood at Rs. 1564 Crore.

Net Profit for 2015-16 stood at Rs. 540 Crore.

Gross NPAs to Gross Advances Ratio stood at 8.39%.

Net NPAs to Net Advances Ratio stood at 4.61%.

Capital Adequacy Ratio stood at 11.58% under BASEL-III.

Return on Average Assets stood at 0.28%.

Net Profit per Employee stood at Rs. 2.89 Lakh.

Average Business per Employee stood at Rs. 15.12 Crore.

Network Expansion: During 2015-16 your Bank opened 296 Branchesand added 1404 ATMs/BNAs/CRs. As on 31.03.2016 Bank had 6477 DeliveryChannels consisting of 2803 Branches 4 Extension Counters 34 SatelliteOffices and 3636 ATMs/BNAs/CRs.

During FY 2015-16 your Bank has taken the following

I.T. initiatives to improve Customer Service:

• Bank has tied up with Payment Gateway services provider like SBIePay PayuCitrus EBS and Times of Money and integrated the same with Internet Banking.

• Bank in association with BSNL and Pyro has successfully launched the cobrandedprepaid card SpeedPay.

• New module is developed in Finacle to enable IMPS transaction at branches. UsingIMPS Branch module customer can remit funds to other bank customers instantly usingaccount number and IFSC.

• Bank has launched cobranded wallet with M/s Citrus. Using this digital personalfinance manager Mobile App Customers can create payment reminders and make payments.

• Our Bank's has integrated with Paytm payment gateway services. With thisfacility our Bank retail internet banking customers can make payments online formerchandise purchased from the merchants enrolled by Paytm

• APEPDCL Power bill payment is enabled through Andhra Bank ATM.

Process Improvements/ New Facilities increasing Ease of operations:

• Customization of Crop Insurance Module in AP/ Telangana states.

• Customs Duty/Excise/Service Tax payment through Internet Banking for retail andcorporate customers.

• PMJBY/PMSBY request seeding through Internet Banking / ATM / SMS / InternetBanking Channel.

• APY through SMS Mode : For enrolment to Atal Pension Yojana a new module isdeveloped for receiving request from customer through SMS.

• Bank has enabled Online RD account opening through Net Banking.

• Bank has introduced online standing instructions module for retail customers tomodify / delete / inquire a standing instruction through net banking.

• Online contribution to PPF: Internet Banking Retail customers can now link theirPPF accounts and carry out funds transfer to PPF accounts.

• Mobile Banking registration/deregistration/m-PIN through Internet Banking:Facility is enabled for customers to register/de-register/set m-PIN themselves usingInternet Banking.

• Online e-TDR and Term Deposit closure for net Banking customers: Customersopening online Term Deposit account can generate Term Deposit Receipt in PDF format(e-TDR). Customer can close such accounts online.

• Online booking of lockers: On Banks website now option is provided toprospective customers to view the details of the vacant lockers available at differentbranches.

• Online SB Account Opening: Online SB Account Opening is enabled through ourwebsite (Online Services>Online Savings Account Opening). Usingthis facility any resident Indian can apply for opening of Saving Bank Account online.

System Improvements:

• Integrated e-surveillance system for ATMs: Bank is implementing centralizedintegrated security surveillance system to prevent ATM related physical crimes.

• Cash Recyclers: Bank has installed 1133 Cash Recyclers which can accept as wellas dispense cash 24 x 7 & credit to loan account is also enabled in Cash Recyclers.

• Andhra Bank has opened official Facebook and Twitter accounts.

Financial Inclusion :

• PMJDY- Bank has opened 21.78 Lakh accounts. Total deposits of Rs. 212.91 Crorehave been mobilized with an average balance of Rs.977.51.

• Bank has sanctioned Over Draft to 46844 customers. 13547 customers availedover draft facility under PMJDY to the extent of Rs. 176.28 lacs.

• APY - Bank has enrolled about 161120 accounts under APY in both Phase-I &II. Bank stood first among all major banks by achieving 23.77% of the set target in bothphases.

• PMSBY - 66.60 lakh accounts have been enrolled under PMSBY.

• PMJBY- 6.50 lakh accounts have been enrolled under PMJBY and settled 1099claims.

• Bank has appointed 1811 Bank Mitras covering all allotted Sub Service Areas.Presently about 1476 bank mitras are actively doing transactions.

Your Bank is committed towards delivering best services to customers by leveraging ontechnology and dedicated human resources and would tirelessly work towards maximizingshareholders' value.

With warm wishes

Yours sincerely

(Suresh N Patel)

Managing Director & CEO

Place : Hyderabad

Date : 30.05.2016