Mumbai: State-owned Andhra Bank has targeted to achieve Rs130,000 crore business by the end of this fiscal and plans to open 121 branches this year as part of its expansion plans.
The lender on Wednesday opened seven branches in the country—four in Maharashtra, two in Gujarat and one in Dadra, a press release said.
Andhra Bank executive director Anil Girotra inaugurated the branches.
The bank has crossed Rs105,280 crore of business as on 30 June, 2009 and clocked a net profit of Rs256 crores in the first quarter.
It has also brought all branches under the core banking service platform, the release said.