Andhra Bank is a medium-sized public sector bank (PSB) of India, with a network of 2803 branches, 4 extension counters, 38 satellite offices and 3636 automated teller machines (ATMs) as of 31 Mar 2016. During 2011–12, the bank entered the states of Tripura and Himachal Pradesh. The bank now operates in 25 states and three Union Territories. Andhra Bank has its headquarters in Hyderabad, India.
|Industry||Banking, financial services|
|Founded||20 November 1923|
|Headquarters||Hyderabad, Telangana, India, Toll-free- 1800-425-1515|
|Suresh N Patel
(MD & CEO)
|Products||Consumer banking, corporate banking, finance, and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards,|
|Owner||Government of India|
|Founder||Bhogaraju Pattabhi Sitaramayya|
The Government of India owns 63.97% of its share capital as on 31 Dec 2015. The state-owned Life Insurance Corporation of India holds 7.66% of the shares. The bank has done a total business of ₹3,106 billion (US$46 billion) and has earned a net profit of ₹5.40 billion (US$80 million) for the Financial Year 2015-16. Andhra Bank is a pioneer in introducing Credit Cards in the country in 1981.Andhra Bank has ranked No.1 in terms of the number of Life Insurance Policies mobilized amongst all the agency banks dealing with the Life Insurance Corporation of India. The bank also has the tie-up with United India Insurance Company Limited under Bancassurance (Non-Life).
Bhogaraju Pattabhi Sitaramayya founded Andhra Bank in 1923 in Machilipatnam, Andhra Pradesh. The bank was registered on 20 November 1923 and commenced business on 28 November 1923 with a paid up capital of ₹100,000 (US$1,500) and an authorized capital of 1 million(US$15,000) In 1956, the linguistic division of States was promulgated and Hyderabad was made the capital of Andhra Pradesh. The registered office of the bank was subsequently shifted to Andhra Bank Buildings, Sultan Bazar, Hyderabad. In the second phase of nationalization of commercial banks commenced in April 1980, the bank became a wholly owned Government bank. In 1964, the bank merged with Bharat Lakshmi Bank and further consolidated its position in Andhra Pradesh.
IndiaFirst Life Insurance Company is a life insurance company in India. It is a joint venture between two of India’s public sector banks – Bank of Baroda (44%) and Andhra Bank (30%), and UK’s financial and investment company Legal & General(26%). It was incorporated in November 2009. It has its headquarters in Mumbai. IndiaFirst Life made more than 2 billion (US$30 million) in turnover in just four and half months since the insurance company became operational. IndiaFirst Life insurance company is headquartered in Mumbai. IndiaFirst is the first life insurance company to be recommended for ISO certification within 7 months of inception.
Products and services: Andhra 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 as well as to internet banking customers through IRCTC Website through a separate gateway. Corporate Website is available in English, Hindi and Telugu Languages communicating Bank’s image and information. 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 2 September 2006. IBA Jointly with TFCI has conferred the Joint Runner-up Award to the Bank in the Best Payments initiative category in recognition of outstanding achievement of the Bank in promoting ATM Channel.
International expansion: Andhra Bank opened a representative office in Dubai in May 2006 and another in Jersey City, New Jersey, in June 2009.In 2010 Malaysia awarded a commercial banking license to a locally incorporated bank to be jointly owned by Bank of Baroda, Indian Overseas Bank and Andhra Bank. The new bank, India BIA Bank (Malaysia), will have its headquarters in Kuala Lumpur, which has a large population of Indians. Andhra Bank will hold a 25% stake in the joint-venture. Bank of Baroda will own 40% and IOB the remaining 35%.
Andhra Bank entered MoU with Bank of Baroda and Legal & General Group of UK to form a joint venture life insurance company IndiaFirst Life Insurance Company. The shareholders’ agreement has already been signed and necessary formalities are being completed for setting up of the company. The JV Company is already incorporated in June’08 and is in the process of filing for approvals from IRDA etc. IndiaFirst has commenced operations.
Community involvement: Andhra Bank, along with A. P. State Government, NABARD, Canara Bank, Indian Bank, IOB, and SBH sponsored the Andhra Pradesh Banker’s Institute of Entrepreneurship Development, which will offer training to unemployed youth for improving their skills in Andhra Pradesh.
Andhra Bank adopted Gundugolanu village, West Godavari District, Andhra Pradesh – the birthplace of its founder, Dr. Bhogaraju Pattabhi Sitaramayya. A comprehensive budget with an outlay of 55.5 million (US$820,000) is finalized for improving health, sanitation, education and social service facilities in the village.
Achievements: Andhra Bank was ranked 532nd for the year ended 31 March 2007 amongst Top 1000 Banks in the world by “The Banker” – a London-based publication based on Tier I Capital as defined by Basel’s Bank for International Settlements (BIS).
ANDHRA BANK RECRUITMENT
Designation Name : Sub Staff
Date Posted : 25-Jul-2017
Last Date : 31-Jul-2017
Total Vacancies : 06
Location : State Wide Odisha
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Details regarding Sub Staff job post at Andhra Bank
Age Limit : Minimum & Maximum age limit is 18 to 25 years As on 03.07.2017
Age Relaxation: for OBC Candidates 3 Years, for SC/ST Candidates 5 Years & for PWD Candidates 10 years
Pay Scale : Rs. 18545/- Per Month
Nationality : Indian
Minimum Qualification: Pass in 10th Standard or its equivalent irrespective of the Board from which he/she is qualified.
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Selection Process : Selection will be based on Interview.
Application Fee : NA
Application Mode : Apply Offline
How To Apply : Interested candidates may apply in prescribed application form along with attested copies of certificates in support of age, qualification, caste, place of domicile, Disability etc send to the concerned Zonal Office on or before 31.07.2017.
Important Dates for Sub Staff at Andhra Bank
Application Opening Date : NA
Application Closing Date : 31-Jul-2017
Last Date for Challan Generation : NA
Last Date for Payment of Fee : NA
Date of Exam : NA
Date of Interview : NA
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Part Time Sweeper – 08th Pass – 10-Jul-2017
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