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Project-Andhra Bank
Project-Andhra Bank
INTRODUCTION
requirements of trade, industry and agriculture in the country. They draw the community
savings into the organized sector which are then allocated among the different
economic activities according to the priorities laid down by the authorities i.e. RBI and
Government of lndia.
economic objectives such as growth and distributive jusiici: led LO the nationalization of
banks. The emergence of public hector in the Indian Banking Scene began with the
nationalization of the Imperial bank of India and it was renamed as State Bank of lndia
in 1955. July 19. 1969, marks an important milestone in the history of the Indian
banking as on that day, 14 major Indian Commercial Banks, each having total deposits
of not less than Rs.50 crores at the end of June 1969 were nationalized. Another major
development in the sphere of commercial banking was the nationali~ation on April IS,
1980 of six more banks in the private sector having total deposits of not less than Rs.
200 crores in India on March 14, 1980. Among public sector banks, the evolution of
Andhra Bank, its achievement, operations, functioning and progress are discussed in
this chapter.
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PROFILE :
1983
In March the Bank sponsored its second RRB Chaitanya Grameena Bank in
Guntur district.
2001
Andhra Bank has tied up with a real estate portal - indiaproperties.com, to
provide housing loans through the Internet.
Andhra Bank has announced that it has entered into a rupee drawing
arrangement with the National Exchange Company, WLL, Doha, Qatar, for
facilitating private remittances to India, mainly on behalf of non resident
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Osmania Degree College for (W),Knl ANDHRA BANK
Indians (NRIs).
The credit card division of Andhra Bank will market cards with additional
features -- such as the rollover facility -- to its account-holders, though it will
not fight shy of issuing cards to non-account holders too
2002
Andhra Bank mainly focused on Retail lending and personal banking.
Andhra Bank signed Memorandum of Understanding with United India
Insurance Co. Ltd., and it would provide its products through various
branches.
Andhra Bank has started its online ATM service
Bank has entered into an alliance with Western Union Financial Services
International, so as to make available inbound money transfer services at
all its locations in India.
2003
Andhra Bank takes position in Top 1000 banks of the world, as its
Operating profit zoomed 77%.
Andhra Bank, venturing on its major IT initiative plans has sanctioned
Rs.69cr
Bank has appointed 71 agriculture graduates from different universities as Rural
Development Officers (RDO), to soar its rural credit.
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Osmania Degree College for (W),Knl ANDHRA BANK
National Movement and was founded by Dr. Bhogaraju Pattabhi Sitaramaiah, an ardent
Machilipatnam, a port town in coastal Andhra Pradesh, with a paid up capital of Rs. I
lakh and authorized capital of Rs. 10 lakh, which were raised to Rs. 25 lakh and Rs. I
crore respectively by 1946. It was the first commercial bank established in Andhra
Pradesh. Dr. Pattabi was the Managing Director of the Bank since its inception in 1923
to 193 1 and continued to be a director till 1941. He also started Bharata Lakshmi Bank,
a second one in Andhra Pradesh, which was merged with the Andhra Bank in 1964.
In spite of some difficulties faced during the Second World War, the bank moved
forward and steadily sailed towards progress and stabilization. The Bank attained the
status of scheduled bank in 1943. The Bank stepped out of Andhra Pradesh for the first
time in February 1945 by opening a branch at Madras. The central ofice was shifted
With the nationalization of 14 major banks in July 1969, Andhra Bank remained
as the largest hank among the non-nationalised banks. It maintained this position of No.
1 in the Private Sector Banks throughout till it was nationalized on 1 51h April 1980
along with five more banks'. The Bank was assigned the Lead role in five districts,
namely, Srikakulam, East and West Godavari. Guntur in Andhra Pradesh and Gunjam
in Orissa even before its nationalization. The Bank took up the financing of Small Scale
Industries, agriculture, foreign trade, and weaker sections on a massive scale. For the
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Osmania Degree College for (W),Knl ANDHRA BANK
benefit of farmers, the bank introduced Kisan Card. To render more help to the people
in rural areas, a number of Rural Credit Branches were opened besides sponsoring a
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Osmania Degree College for (W),Knl ANDHRA BANK
LIMITATION
The words I/We, Me/Us, My/Our. Customer refers to the person(s) who open the
account(s) and shall mean and include both singular and plural.
I agree to abide by the Bank's Terms and Conditions and rules in force and the
changes in Terms and Conditions from time to time relating to my account.
I agree that the opening and maintenance of the account is subject to rules and
regulations introduced or amended from time to time by Reserve Bank of India.
I agree that the Bank can, at its sole discretion, withdraw any of the services/facilities
given in my account either wholly or partially at any time without giving me any notice.
I agree that any change in my account status or change of address will be immediately
informed to the Bank.
I agree that I shall be liable to pay all charges, fees, interest, costs wherever applicable,
which the Bank in its absolute discretion may levy with respect to my account or any
transaction and the same may be recovered by the Bank by a debit to my account.
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Osmania Degree College for (W),Knl ANDHRA BANK
I agree that the Cheque Books, AB INFI-net Internet Banking PINs, Debit / ATM Cards
& Pins will be dispatched by courier (or any other mode at the Bank's discretion) at my
risk and consequence. I shall not hold the Bank liable in any manner what so ever in
respect of such dispatch of these items.
I agree that the Bank shall not be liable for any damages, losses (direct or indirect)
whatsoever, due to disruption or non availability of any of services/facility/s due to
technical fault/error or any failure in communication network /other networks.
I agree that the Bank may disclose customer information, in strict confidence, to any of
its agent/s and/or contractors with whom the Bank enters or has entered into any
arrangement in connection with providing of services.
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Osmania Degree College for (W),Knl ANDHRA BANK
The main aim of the bank is to become a trustworthy, efficient and strong bank.
Andhra Bank is increasing its share of the market by introducing best services that are
customer-focused. It also takes every step to improve the creative talents of its staff
thereby offering value-added and quality service to customers. The main objective of
Andhra Bank includes positioning itself in the financial horizon as a rising star, to create
all types of possibilities to achieve its objectives, to empower and to dynamically locate
people, fast-cycle knowledge into innovative products and to improve the capabilities of
its staff members in such a way that customers are served properly.'
1945 - Opened first branch outside Andhra Pradesh in Chennai, Tamil Nadu
1969 - Lead Bank role in 4 districts of Andhra Pradesh and 1 district in Orissa State
1999 - Deposits oi'thc Bank surpassed Rs.1000.00 million 2001 - Initial Public Offering
of the Bank
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Osmania Degree College for (W),Knl ANDHRA BANK
2003 - Achieved 100% branch computerization and ABHFL merged with the Bank
2006 - Bank for the first time, organized Bancon - Annual Bankers' conference at
2008 - Andhra Bank along w~th Bank of Baroda and Legal and General Group PLC of
2010 - Andhra Bank has emerged as BhST BANK MID-SIZE , with Rank 1
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Osmania Degree College for (W),Knl ANDHRA BANK
fundamental requirement for their sustained existence. Some firms deliberately advance
organizational learning, development capabilities that are consistent with their objectives:
others make no focused effort and, therefore, acquire habits that are counterproductive.
But what does it mean that an organization learns? We can think of organizational
organizations ultimately learn via their individual members. Hence, theories of individual
learning are crucial for understanding organizational learning. Psychologists have studied
individual learning for decades, but they are still far from fully understanding the
workings of the human mind. Likewise, the theory of organizational learning is still in its
embryonic stage.
years, a general theory of organizational learning has remained elusive. The study tries
interest and organizational learning as a principal means to this end. With this
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Osmania Degree College for (W),Knl ANDHRA BANK
presenting organizational learning as four processes—intuiting, interpreting, integrating,
Occupation, Monthly Income, Name of the bank and Type of Account, Five variables
viz.. Gender, Education, Occupation, Income and Name of the bank out of seven
The Information Technology practices are divided into four categories in the
public sector banks viz, ATM Services, Phone banking (inclusive of Mobile Banking),
1. Security: With regard to security dimension, Canara bank respondents and IDBI bank
respondents, who are having the bank account in these two banks felt more secure than
the remaining banks followed by State bank of India, which reveals that their opinion on
security aspect is above average level. With the security concern these two categories
Usability: The average opinion score of State bank of India and Corporation Bank on
usability dimension is more or less unanimous, followed by Andhra Bank but the
difference in the opinion scores of all the banks are statistically significant and differ at
manipulation dimension and the opinion score on this data manipulation is greater
than average level i.e., self employees have much knowledge in Data Manipulation
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Osmania Degree College for (W),Knl ANDHRA BANK
when compare to the remaining categories of the customers. The students and
4. User interface: The education of the customer plays a vital role in the dimension of
user Interface, as the opinion of the customer varied with their education as per the
Suggestions :
• Andhra Bank, SBI, Coiporation Bank and Syndicate Banks have to address their
Canara Bank and IDBI Banks are suggested to make better the usability of their
IT services.
• Speed and accuracy of data manipulation should be picked up to facilitate all types
of customers satisfaction in public sector banks and expedite the process of data
entry, retrieval etc. User interface must be simplified to an extent where in all
and self employees and service flexibility must be made flexible to reach out the
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Osmania Degree College for (W),Knl ANDHRA BANK
• Corporation bank and IDBI banks have to expedite their process of automated
clearances sans any server slowdowns and breakdowns. Syndicate bank and
• IDBI bank, Andhra bank and Syndicate banks have to streamline their Internet
Banking activities to reach out for internet using customers. All banks except
Andhra bank and SBI have to enhance their mobile banking services.
• Except Canara bank all banks IT banking services have to expand and increase
the operating efficiency and usability. There is significantly low usage of prepaid
instruments of all banks except Andhra bank and SBI, hence these public sector
Conclusions :
The research made a fundamental contribution in three areas: (1) Identifying the
Understanding the IT individual learning of the employees of public sector banks (3) IT
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DATA ANALYSIS :
They respondents were asked regarding the Bank that they prefer the most
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Osmania Degree College for (W),Knl ANDHRA BANK
QUESTIONNAIRE :
3. Which factor promotes you to use the new techniques in banking? ( Tick all that are
applicable )
4. How familiar are you with computer usage level of your bank?
Expert
5. Customer level of usage of technology ( Tick all that are applicable to you )
6. How frequently do you use the following banking services per month? Nil 1to3 3to 8
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Osmania Degree College for (W),Knl ANDHRA BANK
1. Approximately how many people visit your bank web site per day?
A. Daily B. Weekly
_____________________
5. How do you make your potential customer aware of your location on the Net?
specify)_____________________
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