History
"Andhra Bank" was founded by the eminent freedom fighter and a multifaceted genius, Dr.Bhogaraju Pattabhi Sitaramayya. 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 authorised capital of Rs 10.00 lakhs. The Bank crossed many milestones and the Bank's Total Business as on 30.06.2007 stood at Rs.68,466 Crores with a Clientele base over 1.50 Crores. The Bank is rendering services through 1981 Business Delivery Channels consisting of 1303 branches, 99 Extension Counters, 541 ATMs and 38 Satellite Offices spread over 21 States and 2 Union Territories as at the end of June, 2007. All Branches are 100% computerized, 1124 units viz., 1026 Branches, 83 Extension Counters, 15 Service Centres networked under Cluster Banking Solution and providing "Any Branch Banking(ABB)". Real Time Gross Settlement (RTGS) Facility and National Electronic Fund Transfer (NEFT) facility has been introduced in 650 Branches. To provide value-added services to Customers, the Bank has set up its own 541 ATMs as on 30.06.2007. Besides, ATM sharing arrangements with several Banks including SBI, ICICI Bank, IDBI Bank, UTI Bank, SBI, HDFC Bank, Indian Bank, Corporation Bank and 17 other banks under National Financial Switch provide Bank customers access to 17000 ATMs throughout the country.

Andhra Bank is a pioneer in introducing Credit Cards in the country in 1981 and the business turnover under Credit Cards related business reached Rs.1184 Cr.

Andhra Bank has launched Bio Metric ATM at Kondapur, Hyderabad recently. The Bank opened its Representative Office in Dubai in May, 2006 and has received permission from Reserve Bank of India for opening Representative Offices at New Jersey (U S A), Kuwait and Riyadh and Bank is planning to open more such offices in Doha, Muscat, Riyadh and Kuwait shortly in order to reach the NRIs staying in the Middle East Countries. Our Bank introduced Internet Banking Facility (AB INFI-net) to all customers of cluster linked branches. Rail Ticket Booking Facility is made available to all debit card holders through IRCTC Website through a separate gateway. Our Bank's Corporate Website is available in English and Hindi Languages communicating our Bank's image and information. Website in Telugu language is under construction. Our Bank has been given 'BEST BANK AWARD' a banking technology award by IDRBT, Hyderabad for extensive use of IT in Semi Urban and Rural Areas on 02.09.2006. IBA Jointly with TFCI has conferred the Joint Runner-up Award to the Bank in the Bet Payments initiative in recognition of outstanding achievement of the Bank in promoting ATM Channel. Bank successfully conducted " Bancon 2006", a two day event at Hyderabad, deliberating on Inclusive Growth - A New Challenge. As a part of Financial Inclusion, we adopted two districts i.e., Srikakulam in Andhra Pradesh and Ganjam in Orissa and achieved 100% coverage in Srikakulam and Ganjam districts so far.

Bank in partnership with Kingfisher Airliens has launched a special facility "Quik Ticket" to book Kingfisher Airliens tickets through any of Andhra Bank ATMs by using Andhra Bank Debit/ATM Card or any VISA Card.

To provide banking facility to Sabarimala pilgrims, our Bank has launched Mobile ATM facility at Kottayam covering important centres, which was widely appreciated. While our Bank has 541 ATMs. Bank has issued 5.06 lacs Kisan Credit Card to farmers and the amount outstanding is Rs.2755 Crore. Our Bank launched Two Bio Metric Mobile ATMs in May 2007 for promoting financial inclusion.

Kiddy Bank Scheme, with insurance benefits, was relaunced to inculcate savings habit among the children.

Bank has also launched "Smart Card" under Financial Inclusion at Geesukonda Mandal of Warangal District (A.P.) and proposes to extend the same to other areas.

Thus our Bank accords utmost concern to customer satisfaction by offering innovative and need based financial products and services using state-of -the art technology.