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Last 67.45 INR
Change Today +1.30 / 1.97%
Volume 2.8M
ANDB On Other Exchanges
Symbol
Exchange
Natl India
As of 7:05 AM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

andhra bank (ANDB) Snapshot

Open
65.95
Previous Close
66.15
Day High
68.15
Day Low
65.50
52 Week High
01/1/15 - 101.00
52 Week Low
09/26/14 - 60.50
Market Cap
40.7B
Average Volume 10 Days
3.6M
EPS TTM
11.12
Shares Outstanding
602.8M
EX-Date
06/30/15
P/E TM
6.1x
Dividend
2.00
Dividend Yield
2.97%
Current Stock Chart for ANDHRA BANK (ANDB)

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andhra bank (ANDB) Details

Andhra Bank provides a range of banking products and services to large, medium, and small customers in India. The company operates through Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. It accepts deposit products, including savings accounts, current accounts, and term deposits; and offers loan products, such as housing, vehicle, educational, personal, professional, mortgage, and reverse mortgage loans, as well as loans against gold, rent receivables, National Savings Certificates, Kisan Vikas Patra, life insurance policies, and other securities. The company also provides credit facilities comprising working capital finance, export import finance, working capital demand loans, bill finance, project and insurance finance, term finance, corporate loans, equipment finance, bridge loans, advances against share deposits, loan of credit, bank guarantees, and letters of credit, as well as forward contracts. In addition, it offers credit, debit, and prepaid cards; DMAT services; payment services; life, non-life, general, and health insurance products; mutual funds; project appraisal and loan syndication services; NRI banking services; and services to micro, small, and medium enterprises. Further, the company provides short term and medium/long term credit for agricultural and allied activities; women empowerment schemes; various special schemes; and rural self-employment training institutes, as well as Internet banking services. As of March 31, 2015, the company had 2,507 branches; 8 extension counters; 35 satellite offices; and 2,232 ATMs in 26 states and 3 union territories. Andhra Bank was founded in 1923 and is headquartered in Hyderabad, India.

Founded in 1923

andhra bank (ANDB) Top Compensated Officers

Chief Executive Officer, Managing Director, E...
Total Annual Compensation: 2.1M
Executive Director, Member of Share Transfer ...
Total Annual Compensation: 82.5K
Compensation as of Fiscal Year 2015.

andhra bank (ANDB) Key Developments

Andhra Bank, Board Meeting, Aug 29, 2015

Andhra Bank, Board Meeting, Aug 29, 2015. Agenda: To consider the preferential allotment of equity shares in favour of Government of India, subject to shareholders' assent at the EGM as on September 23, 2015 in consonance with the notification dated August 19, 2015 of Ministry of Finance, Government of India; to have August 24, 2015 as the relevant date and to fix the issue price as provided in the SEBI (ICDR) Regulations for preferential allotment; and to authorise Managing Director & CEO (Addl. Charge) and/or Executive Director (in the absence of the Managing Director & CEO) to do all such acts, deeds and things as may be necessary and expedient with regard to issue and allotment of equity shares to Government of India on preferential basis and for fixing the issue price as provided under SEBI (ICDR) Regulations, 2009 and to do all matters incidental or ancillary thereto.

Andhra Bank To Raise Funds

Andhra Bank (BSE:532418) plans to raise INR 30 billion through various instruments including Qualified Institutional Placements (QIP). "Our plan is to raise INR 30 billion. So far the government has provided us about INR 3.78 billion out of the INR 5 billion in the first tranche. On the basis of the bank's performance the government will provide the remaining INR 1.22 billion," Andhra Bank’s Managing Director and Chief Executive Officer Satish Kumar Kalra said. Satish Kumar Kalra added: "We have planned to raise about INR 7 billion in the form of QIP. That is only to strengthen our balance sheet."

Andhra Bank Announces Executive Changes

Andhra Bank has announced the Exchange that the Government of India, Ministry of Finance, Department of Financial Services, New Delhi, vide its Order dated August 18, 2015 had entrusted the additional charge of the managing director & chief executive officer of Andhra Bank to Shri. Satish Kumar Kalra, executive director, Andhra Bank for a further period of three months w.e.f August 15, 2015 or till the appointment of a regular & CEO or until further orders, whichever is the earliest.

 

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