With the aim to expand its banking operations the Andhra Bank has planned to set up a new zonal office at Sambalpur. At present the bank is having a total of 145 branches in Orissa, by the end of the next fiscal year bank wants to add another new 30 new branches in the state.
It has been reported that the total deposits in the State have grown by 39% between 2011 and 2013 compared to 28% in the country. Chairman cum managing director of the bank stated that due to the lack of awareness, accessibility and branch correspondence bank faced problems while supporting PMJDY scheme. The bank is working with an aim of business of Rs 10,000 crore this time. Last the bank has done the business of worth Rs 9200 crore.