Andhra Bank is planning to set up exclusive locker centres across the state.
Speaking to mediapersons here, CVR Rajendran, its chairman and managing director, said currently lockers were available at only bank branches, and due to heavy demand and lack of space they were not able to provide lockers to every customer.
"In view of this, we are planning to set up exclusive locker centres, which will not only enable the bank to satisfy its customers but also earn additional revenues for it," he said.
Andhra Bank was facing high NPAs due to the slowdown in power and infrastructure sectors. Of its total loan exposure, 11 per cent was to the power sector and 7-8 per cent to the infrastructure sector.
"Our gross NPA has increased from 3 per cent to 5 per cent owing to nonpayment of installments by power and infrastructure companies. Besides, during the last nine months our business levels have remained stagnant," he added.
The bank, he said, was initiating several measures to increase the business, and as a part of this it was aiming to mobilise Rs 10,000 crore new deposits over the next two-and-a-half months.
