Andhra Bank

Sales (2007-2008) =Rs.4300 crores (rounded off)

Net profit after tax =Rs.580 crores (rounded off)

CSR Budget: 7.64 cr.

Karmayog 2008 CSR Rating:  3/ 5 

See Karmayog Comments below

CSR activities:

• Under the aegis Andhra bank rural development trust bank is imparting training to youth in rural and semi urban areas so that poor people can take up self employment ventures. They also conduct vocational and human resource development training. So far they have provided training to 71,666 participants

• The bank has taken initiatives for including more people from the marginalized and down trodden sections into the banking system. The bank has already implemented financial inclusions in districts of Orissa and Andhra Pradesh.

• During the year ’07-’08 the bank has adopted Gundugolanu village in Andhra Pradesh for improving health , sanitation , education facilities with a comprehensive budget of 5.50cr.

• The bank is setting up a school in the campus of Andhra University in Vishakhapatnam.

• Along with the Andhra Pradesh Government and NABARD , it has set up APBIRED for providing training to unemployed youth for improving their skills.

• In the year 2007-2008 , the bank has donated 2.14cr to various trusts and NGOs.

Source: www.andhrabank.in/scripts/Annualpdf.aspx  ( Annual Report ’07-’08 pg 35)

 Karmayog Comments: No CSR information available last year

Contact Information:

Andhra Bank

Zonal Office,
Andhra Bank Building,
Sultan Bazar, Koti,
Hyderabad- 500 195.

Andhra Pradesh.

Phone no. 040 24757334

Fax           040 24757589

Email       : corp@andhrabank.co.in

Website   : www.andhrabank.in/

Industry Sector: Banking

Products / Services:. Banking Services

Other locations of factories / offices: The bank has 50 branches in the country.

Previous year’s CSR rating:

www.karmayog.org/csr500companies/csr500companies_7278.htm