Andhra Bank's 1,100 branches to go online; allots Rs 69 crore
By Our Banking Bureau | 13 May 2003
Andhra Bank is venturing on a major IT initiative with plans to get all its 1,100 branches online and networked by December 2003.
An allocation of Rs 69 crore has been made for the year 2003-04 towards the computerisation project. In 2001-03, the bank had spent Rs 100 crore towards the same. At present all the branches are fully computerised but on a stand-alone basis.
The next step of networking of branches will start through a cluster approach — first among the 100 odd branches in Hyderabad in July 2003, to be later replicated in other parts of India.