Andhra Bank to install closed-circuit cameras in Berhampur Zone

BERHAMPUR: The Andhra Bank has decided to set up closed- circuit cameras in all its branches in Berhampur zone to enhance security. This decision was taken following spurt in attempts of bank dacoities in the region. Seven new branches of the bank are on the anvil to be set up in this zone in near future. The Andhra Bank is also planning to set up two new ATM counters in the city. New ATM counters of Andhra Bank are also to come up at Jeypore in Koraput district of the State and Tekkali of Srikakulam district in Andhra Pradesh.
According to the zonal manager of the Berhampur zone of the bank, T. Venkaiah said they have targeted to have total deposits worth Rs. 1,660 crore in the zone by March 2010. They also plan to increase their advances to Rs. 795 crore by that time, he said. By September end the branches of Andhra Bank in this zone had a total deposit worth Rs. 1,331 crore, while gross advances was Rs. 649 crore. This new zone was constituted in May. It comprises 73 branches of the bank in Orissa and adjoining Andhra Pradesh. Forty three of these branches are located in 10 districts of south Orissa, while the rest branches are located in Srikakulam district of Andhra Pradesh.
Speaking to newsmen, he said their ‘year on growth’ was 21.77 per cent. During this period they had a tremendous growth in the mobilisation of current as well as savings accounts for the bank in this region. The number of current account deposits rose by 74.39 per cent. The savings account deposits also showed a rise at 20.37 per cent. Mr. Venkaiah attributed this growth to the publicity drive they had taken up to popularise the savings and current accounts of the bank during past six months. According to him the ‘insured current accounts’ where the account holders were getting insurance benefits had a large following. Out of the total deposits with the branches of Andhra Bank in this zone, 49.81 per cent were from current and savings accounts. Total clientele of the bank in Berhampur zone was 9,58,831.
Courtesy: The Hindu