Andhra Bank on branch expansion spree in UP
By Vaibhav Aggarwal
Jun 13, 2011
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Public sector lender Andhra Bank is planning to increase its branch count in Uttar Pradesh in a bid to increase its business from the state.

The bank aims to double its business from the state in this financial year.

"The bank plans to double its branches from existing 24 to 48 in this year, besides increasing our business to Rs 2,500 crore from existing Rs 1,225 crore," bank's Chairman and Managing Director R Ramachandran said.

The zonal office of the bank was launched in Lucknow by Executive Director of the bank, Mr Anil Girotra.

"The Andhra Bank is embarking upon the policy of expanding its branches in northern India and increase its visibility pan-India," he said.


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