Andhra Bank General Manager B.S. Rama Rao said on Saturday that the bank had transacted a total business of Rs.2.24 lakh crore as on March 31, 2013, registering a growth of 17.5 per cent over the previous year and a net profit of Rs.1,289 crore.
Deposits stood at Rs.1.24 lakh crore and advances at Rs.1.01 lakh crore with 17 per cent and 18.2 per cent growth rates respectively. Net non-performing assets amounted to Rs.2,409 crore.
Addressing a press conference at the bank’s zonal office here, Mr. Rama Rao said 155 new branches and 151 ATMs were opened in FY 2012-13, taking the total number of branches in the country to 1,867.
Priority sector advances amounted to Rs.35,132 crore, which was 41.29 per cent of the bank’s net credit. The disbursements to agriculture, micro, small and medium industries (MSME) and retail credit stood at Rs.16,451 crore, Rs.16,863 crore, and Rs.14,328 crore respectively.
In Guntur Zone, 15 new branches and six ATMs were opened. The bank’s 100th branch in Guntur district would be soon opened at Kothapet (Vinukonda).
Business done in Guntur district amounted to Rs.7,500 crore (deposits Rs.3,000 crore and advances Rs.4,500 crore). Total credit extended to various sectors amounted to Rs.3,417 crore (agriculture Rs.1,990 crore, MSME Rs.1,018 crore, housing Rs.294 crore, and education Rs.115 crore).
Bank Zonal Manager K. Venkateswarlu and Assistant General Managers — L.V. Ramanaiah and V. Sudhakar were present.