| No need for fresh equity, says Andhra Bank CMD | 20-NOV-09 |
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| State-owned Andhra Bank has enough capital and there was no need for government funds or follow-on public offer to meet its 20-25 per cent growth target for 2009-10 (April-March), Chairman and Managing Director RS Reddy said today. |
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| Andhra Bank seeks nod for LIC trail commission | 10-NOV-09 |
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| Andhra Bank, whose insurance venture with Bank of Baroda and Legal & General was launched today, has approached the regulator to protect the trail commission it stands to earn from its distribution tie-up with Life Insurance Corporation of India (LIC). |
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| Andhra Bank posts Rs 274 cr net profit | 01-NOV-09 |
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| Public sector Andhra Bank today said its net profit for the quarter ended September 30 grew 70 per cent to Rs 274 crore from Rs 162 crore in the corresponding period last year. |
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| Andhra Bank profit jumps 70% to Rs 274 cr | 28-OCT-09 |
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| State-run lender Andhra Bank today said its net profit rose by 69.58 per cent to Rs 273.97 crore for the second quarter ended September 30, 2009, over the same period last year. |
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| Tata Motors ties up with Andhra Bank | 20-OCT-09 |
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| Tata Motors has entered into a tie-up with the Andhra Bank for financing its range of commercial vehicles, to provide an added facility of finance to its customers. |
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| Andhra Bank to tap own customers for retail offers | 16-SEP-09 |
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| Andhra Bank is bullish on the retail segment and is working on products that are tailor-made for its customers. It is also tweaking its customer relationship management technology to identify customers' banking history including their paying capacities. The bank has 17.5 million customers. |
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| Andhra Bank forays into insurance sector | 25-AUG-09 |
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| Andhra Bank Mumbai Zone General Manager today announced the bank's expansion plans with emphasis on increasing exposure to the SMEs, lending to farmers and launching a life insurance product by next year. |
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| $2-bn World Bank fund for public sector banks soon | 25-AUG-09 |
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| The World Bank (WB) is set to clear funding of $3.2 billion (over Rs 15,500 crore) for capital infusion into public sector banks ($2 billion or Rs 9,700 crore) and India Infrastructure Finance Company (IIFCL) next month. |
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| Andhra Bank in expansion mode, forays into insurance | 24-AUG-09 |
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| Andhra Bank Mumbai Zone General Manager today announced the bank's expansion plans with emphasis on increasing exposure to the SMEs, lending to farmers and launching a life insurance product by next year. |
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| Govt sidesteps WB on PSB stake | 06-AUG-09 |
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| The government has ignored the World Bank’s (WB) suggestion for a roadmap on reducing its holding in public sector banks (PSBs) as part of the loan negotiation to recapitalise them. |
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