Andhra Bank expects an overall business growth of 23 per cent in the eastern region by the end of this fiscal.
The bank has set a target of achieving a total business of Rs 3,140 crore in the region by March 2009, as against Rs 2,370 crore till December 31, 2008. The total business of the bank was Rs 95,770 crore till December 2008, and it expects to cross Rs 1,00,000 crore mark by the end of this fiscal, and Rs 1,50,000 crore by September 2010, said Ramakrishnan K S, zonal manager, Andhra Bank at a press conference in Kolkata on Saturday. The bank has taken several initiatives like to boost current account and saving accounts (CASA) deposits, which is nearly Rs 500 crore in the region. The bank has 23 branches in West Bengal, and has applied for licences with the Reserve Bank of India (RBI) to open additional four branches in the state.
The bank also expects to have all its 1,410 branches under core banking solutions (CBS) by the end of this fiscal.
