Andhra Pradesh - Karimnagar   

Andhra Bank launches ‘Bima Utsav-2008’

KARIMNAGAR: Andhra Bank launched the ‘AB Bima Utsav-II -2008’ coinciding with the festival season from October 15 to December 31, 2008 at all its branches.

Speaking to newsmen here on Wednesday, Andhra Bank deputy general manager A. S. Prabhakar said that during this Utsav they would educate customers about various insurance-based policies such as Andhra Bank Jeevan Abhaya and Abhaya Gold, Andhra Bank Arogyadhan-health insurance scheme, loan liability insurance, housing loan, educational loan, vehicle loan etc.

He said the Andhra Bank zone had mobilised 10,000 low-cost deposit accounts, 2,500 LIC policies with premium of Rs 1.25 crore and other products under Andhra Bank touch four campaign, which was completed last month.

Giving details about the performance of the bank in the zone which comprises of Karimnagar, Adilabad and Nizamabad districts, he said that they had total business around Rs. 3,635 crore till September 30.

He said that they had provided Rs. 506 crore as advances to the agricultural sector and Rs. 122 crore to women self-help groups.

He also said that the bank had decided to open new braches at Armoor (Nizamabad), Bellampally crossroads (Mancherial), Vavilalapally and Bank Colony in Karimnagar town. Assistant general manager I. C.V. Subba Reddy and others were also present.

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