ANDHRABANK

Andhra Bank has informed the Exchange that the Government of India, vide their letter dated February 15, 2011, has communicated their decision to infuse Rs. 618 Crore by way of preferential allotment of equity shares favouring Government of India.The Board of Directors of the Bank at its meeting held on February 18, 2011, approved the preferential allotment of equity to the Government of India to the tune of Rs. 618 Crore (including premium) subject to shareholders' approval to be obtained at the Extraordinary General Meeting of Shareholders of the Bank to be held on March 23, 2011. Accordingl

Andhra Bank has informed the Exchange that : "M/s. CRISIL, during their review of ratings of the Upper Tier-II Bonds (Series A and B) and Innovative Perpetual Debt Bonds issued by the Bank, vide their letters dated 20.01.2011, have upgraded the rating by one NOTCH , viz., from 'AA/Stable' to 'AA+/Stable (pronounced "Double A plus with stable outlook") and that the revised rating indicates high degree of safety with regard to timely payment of interest and principal on the instruments".

Andhra Bank has informed the Exchange that the Bank has decided to increase the Base Rate from 9.00% to 9.50% with effect from February 05, 2011.

Andhra Bank has informed the Exchange that the Bank has decided to increase the Benchmark Prime Lending Rate (BMPLR) from the existing rate of 13.25% per annum to 13.75% per annum, with effect from February 05, 2011.

Andhra Bank has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Interest earned of Rs. 212158 lacs for the quarter ending on 31-DEC-2010 against Rs. 160256.34 lacs for the quarter ending on 31-DEC-2009. Interest expended of Rs. 128165 lacs for the quarter ending on 31-DEC-2010 against Rs. 102003.11 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 33091 lacs for the quarter ending on 31-DEC-2010 against Rs. 27539.03 lacs for the quarter ending on 31-DEC-2009.

Andhra Bank has submitted to the Exchange the Standalone Financial Results for the period ended December 31,2010.

Andhra Bank has informed the Exchange that the Bank has decided to increase the Base Rate from 8.50% to 9.00% with effect from December 13, 2010. The revised rate is applicable to all the loans and advances that are sanctioned/renewed on or after July 01, 2010 which are linked to Base Rate. The revision is also applicable to all borrowal accounts who switched over from BMPLR to Base Rate system.

Andhra Bank has informed the Exchange that the Bank has decided to increase the Benchmark Prime Lending Rate (BMPLR) by 25 basis points from the existing 12.75% per annum to 13.00% per annum, with effect from December 13, 2010. The revised BMPLR is applicable to all loans and advances availed on or before June 30, 2010 and are linked to BMPLR.

Andhra Bank has informed the Exchange that Sri D. Jogiraju, General Manager, is designated as the Chief Financial Officer of the Bank w.e.f. October 26, 2010.

Andhra Bank has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Interest earned of Rs. 194115.5 lacs for the quarter ending on 30-SEP-2010 against Rs. 155772.88 lacs for the quarter ending on 30-SEP-2009. Interest expended of Rs. 115789.13 lacs for the quarter ending on 30-SEP-2010 against Rs. 104307.1 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 30297.4 lacs for the quarter ending on 30-SEP-2010 against Rs. 27397.24 lacs for the quarter ending on 30-SEP-2009.

Andhra Bank has submitted to the Exchange the Standalone Financial Results for the period ended September 30,2010.

Andhra Bank has informed the Exchange that the Bank has decided to increase the Benchmark Prime Lending Rate (BMPLR) by 25 basis points from the existing rate of 12.50% per annum to 12.75% per annum, with effect from October 05, 2010.

Andhra Bank has informed the Exchange that the Bank has decided to increase the Base Rate from 8.25% to 8.50% with effect from October 05, 2010.

Andhra Bank has informed the Exchange that:"The Government of India, Ministry of Finance, Department of Financial Services, New Delhi, vide Gazette Notification F.No.9/6/2009-BO.I dated 1st September, 2010, in exercise of the powers conferred by clause (a) of subsection (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3 and sub-clause (1) of Clause 8 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, the Central Government, in consultation with Reserve Bank of India has ap

Andhra Bank has informed the Exchange that:"Sri R.S.Reddy, Chairman & Managing Director of the Bank demitted the office on 31st August, 2010, on superannuation".

Andhra Bank has informed the Exchange that "The Government of India, Ministry of Finance, Department of Financial Services, New Delhi, vide Gazette Notification F.No. 9/57/2009-BO.I dated 4th August, 2010, in exercise of the powers conferred by Clause (f) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with Sub-clause (1) & (2) of Clause 9 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, after consultation with the Reserve Bank of India has nominated Shri. N Rajagopal Reddy as Officer

Andhra Bank has informed the Exchange that "Government of India, Ministry of Finance, Department of Financial Services, New Delhi, vide Gazette Notification F.No. 9/56/2009-BO-I dated 29th July, 2010, in exercise of the powers conferred by sub-section 3(h) and 3(A) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with Sub-clause (1) of Clause 3 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has nominated Shri. NVR Reddy as part-time Non-Official Director on the Board of Directors of Andhra Bank for a

Andhra Bank has informed the Exchange that "Government of India, Ministry of Finance, Department of Financial Services, New Delhi, vide Gazette Notification F.No. 9/2/2007-BO.I dated July 30, 2010, in exercise of the powers conferred by Clause (c) of Sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with Sub-clause (1) of Clause 3 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has nominated Shri. K.R. Ananda as RBI Nominee Director on the Board of Directors of Andhra Bank with immediate

Andhra Bank has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the shareholders of the Bank held on June 16, 2010.

Andhra Bank has informed the Exchange that "Government of India, Ministry of Finance, Department of Financial Services, New Delhi, vide Gazette Notification F.No. 9/23/2009-BO-I dated May 11, 2010, in exercise of the powers conferred by Clause (e) of Sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with Sub-clause (1) & (2) of Clause 9 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, the Central Government has appointed Shri. Manoranjan Das, Special Assistant, Andhra Bank, as Workmen Empl

Andhra Bank has informed the Exchange that the Share Transfer Books shall be closed from June 05, 2010 to June 15, 2010 (both days inclusive) for the purpose of payment of dividend and also to determine the Shareholders eligible to attend the Annual General Meeting of the Bank to be held on June 16, 2010.

Andhra Bank has informed the Exchange regarding a press release dated April 29, 2010 , titled " Andhra Bank's profit up 60% at Rs. 1,046 crore, N.P.A contained at 0.86% Business Growth 29.26%". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/andhra_pr_29042010.zip target=NEW> For more details click here.</a>

Andhra Bank has informed the Exchange that the Board of Directors at its meeting held on April 29, 2010 has declared a Dividend of Rs.5/- ps. (50%) for the financial year 2009-10.

Andhra Bank has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Interest earned of Rs. 170794.62 lacs for the quarter ending on 31-MAR-2010 against Rs. 150670.23 lacs for the quarter ending on 31-MAR-2009. Interest expended of Rs. 105177.04 lacs for the quarter ending on 31-MAR-2010 against Rs. 111143.92 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 24026.45 lacs for the quarter ending on 31-MAR-2010 against Rs. 20121.05 lacs for the quarter ending on 31-MAR-2009.

Andhra Bank has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Interest earned of Rs. 637289.48 lacs for the year ending on 31-MAR-2010 against Rs. 537461.68 lacs for the year ending on 31-MAR-2009. Interest expended of Rs. 417709.58 lacs for the year ending on 31-MAR-2010 against Rs. 374674.27 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 104966.78 lacs for the year ending on 31-MAR-2010 against Rs. 65605.31 lacs for the year ending on 31-MAR-2009.

Andhra Bank has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Interest earned of Rs. 637286.58 lacs for the year ending on 31-MAR-2010 against Rs. 537461.68 lacs for the year ending on 31-MAR-2009. Interest expended of Rs. 417812.87 lacs for the year ending on 31-MAR-2010 against Rs. 374771.2 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 104584.82 lacs for the year ending on 31-MAR-2010 against Rs. 65305.12 lacs for the year ending on 31-MAR-2009.

Andhra Bank has informed the Exchange that "Sri T. Ravindranath was appointed as Workmen Employee Director on the Board of Directors of Andhra Bank for a period of three years with effect from 6th March, 2007, by Government of India, Ministry of Finance, Department of Economic Affairs (Banking Division), New Delhi, vide Gazette Notification F.No. 15/8/2006-IR dated 6th March, 2007 in exercise of the powers conferred by Clause (e) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980. In terms of amendment to the Nationalised Banks (Manage

Andhra Bank has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2009 as follows: Interest earned of Rs. 160256.34 lacs for the quarter ending on 31-DEC-2009 against Rs. 138242.07 lacs for the quarter ending on 31-DEC-2008. Interest expended of Rs. 102003.11 lacs for the quarter ending on 31-DEC-2009 against Rs. 93054.97 lacs for the quarter ending on 31-DEC-2008. Net Profit / (Loss) of Rs. 27539.03 lacs for the quarter ending on 31-DEC-2009 against Rs. 21268.94 lacs for the quarter ending on 31-DEC-2008.

Andhra Bank had informed the Exchange with regard to Arrangers to the Issue (Private Placement of Unsecured Redeemable Non-Convertible Upper Tier-II Bonds (III Issue - Series 'C') of Rs.280 Crores and Subordinated Debt Bonds (Issue VIII - Series 'H') of Rs.320 Crores) as under: "Andhra Bank Merchant Banking Division, M/s Darashaw & Company Private Limited, M/s A.K.Capital Services Limited, Axis Bank Limited and ICICI Bank Limited were the Arrangers who facilitated the Issue". The Bank has now informed the Exchange that, the above should be read as under: "Andhra Bank Merchant Banking Division,

Andhra Bank has informed the Exchange that the Bank has raised Rs.280.00 Crores of Upper Tier-II Bonds at an annual coupon of 8.70%, which was fully subscribed on the date of the opening of the issue. The issue opened on December 14, 2009 and closed on December 15, 2009. Further, the Bank raised Rs.320.00 Crores of Subordinated Debt Bonds - Lower Tier - II Bonds. The issue opened on December 15, 2009 and closed on December 21, 2009. The coupon rate was 8.55% payable annually. Andhra Bank Merchant Banking Division, M/s Darashaw & Company Private Limited, M/s A.K.Capital Services Limited, Axis B

Andhra Bank has informed the Exchange that the Government of India, Ministry of Finance, Department of Financial Services, New Delhi, vide Gazette Notification F.No. December 09, 2009 - BO-I dated December 07, 2009, in exercise of the powers conferred by clause (a) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3, sub-clause (1) of clause 8 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has appointed Mr.A.A.Taj, General Manager, Union Bank of India as

Andhra Bank has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2009 as follows: Interest earned of Rs. 155772.88 lacs for the quarter ending on 30-SEP-2009 against Rs. 132813.29 lacs for the quarter ending on 30-SEP-2008. Interest expended of Rs. 104307.1 lacs for the quarter ending on 30-SEP-2009 against Rs. 89461.34 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 27397.24 lacs for the quarter ending on 30-SEP-2009 against Rs. 16153.11 lacs for the quarter ending on 30-SEP-2008.

Andhra Bank has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2009 as follows: Interest earned of Rs. 306235.62 lacs for the half year ending on 30-SEP-2009 against Rs. 248549.38 lacs for the half year ending on 30-SEP-2008. Interest expended of Rs. 210632.71 lacs for the half year ending on 30-SEP-2009 against Rs. 170572.31 lacs for the half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 53019.34 lacs for the half year ending on 30-SEP-2009 against Rs. 23915.13 lacs for the half year ending on 30-SEP-2008.

Andhra Bank has informed the Exchange that : "Sri K. Ramakoteswara Rao, General Secretary, All India Andhra Bank Officers' Federation, was appointed as Officer Employee Director on the Board of Directors of Andhra Bank for a period of three years with effect from 10th August 2006 by Government of India, Ministry of Finance, Department of Economic Affairs (Banking Division), New Delhi, vide Gazette Notification F.No. 9/17/2006-BOI dated 10th August, 2006 in exercise of the powers conferred by Clause (f) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undert

Andhra Bank has informed the Exchange that "Shri Anup Prakash Garg, Chartered Accountant, Dawa Bazar, MY Road, Indore, was appointed as a part Time Non Official Director for a period of three years with effect from 13th October, 2006 by Government of India, Ministry of Finance, Department of Economic Affairs (Banking Division), New Delhi, vide Gazette Notification F.No. 9/30/2005-BOI dated 13th October 2006, in exercise of the powers conferred by Sub section (3) (g) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980. The term of the Director expires

Andhra Bank has informed the Exchange that " The following Chartered Accountants' firm has been appointed as one of the Statutory Central Auditors for the year 2009-10, as approved by Reserve Bank of India: M/s. Raju & Prasad, Chartered Accountants, 401, 'Diamond House' Adj. Amrutha Hills, Punjagutta Hyderabad- 500082. M/s. Raju & Prasad, Chartered Accountants, replaced M/s. V.K.Surana & Company, Chartered Accountants, Nagpur."

Andhra Bank has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2009 as follows: Interest earned of Rs. 150462.74 lacs for the quarter ending on 30-JUN-2009 against Rs. 115736.09 lacs for the quarter ending on 30-JUN-2008. Interest expended of Rs. 106325.61 lacs for the quarter ending on 30-JUN-2009 against Rs. 81110.97 lacs for the quarter ending on 30-JUN-2008. Net Profit / (Loss) of Rs. 25622.1 lacs for the quarter ending on 30-JUN-2009 against Rs. 7762.02 lacs for the quarter ending on 30-JUN-2008.

Andhra Bank has informed the Exchange that the Annual General Meeting of the Bank shall be held on June 25, 2009. The Share Transfer Books shall be closed for a period of 9 days (nine days) from June 16, 2009 to June 24, 2009 (both days inclusive) for the purpose of payment of Dividend and also to determine the Share holders eligible to attend the Annual General Meeting of the Bank. The Final Dividend payout for the financial year 2008-09 date shall be on July 03, 2009.

Andhra Bank has informed the Exchange that in the meeting held on May 08, 2009, the Board has recommended a dividend of Rs. 4.50ps per share for the financial year 2008-09.

Andhra Bank has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2009 as follows: Interest earned of Rs. 150670.23 lacs for the quarter ending on 31-MAR-2009 against Rs. 116922.41 lacs for the quarter ending on 31-MAR-2008. Interest expended of Rs. 111143.92 lacs for the quarter ending on 31-MAR-2009 against Rs. 82632.36 lacs for the quarter ending on 31-MAR-2008. Net Profit / (Loss) of Rs. 20121.05 lacs for the quarter ending on 31-MAR-2009 against Rs. 12425.07 lacs for the quarter ending on 31-MAR-2008.

Andhra Bank has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2009 as follows: Interest earned of Rs. 537461.68 lacs for the year ending on 31-MAR-2009 against Rs. 428986.81 lacs for the year ending on 31-MAR-2008. Interest expended of Rs. 374771.2 lacs for the year ending on 31-MAR-2009 against Rs. 286999.58 lacs for the year ending on 31-MAR-2008. Net Profit / (Loss) of Rs. 65305.12 lacs for the year ending on 31-MAR-2009 against Rs. 57557.15 lacs for the year ending on 31-MAR-2008.

Andhra Bank has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2009 as follows: Interest earned of Rs. 537461.68 lacs for the year ending on 31-MAR-2009 against Rs. 428986.81 lacs for the year ending on 31-MAR-2008. Interest expended of Rs. 374674.27 lacs for the year ending on 31-MAR-2009 against Rs. 286936.09 lacs for the year ending on 31-MAR-2008. Net Profit / (Loss) of Rs. 65605.31 lacs for the year ending on 31-MAR-2009 against Rs. 57971.84 lacs for the year ending on 31-MAR-2008.

Andhra Bank has informed the Exchange that the Bank proposes to submit the Audited Financial Results for the Financial year ending March, 2009 during May, 2009.

Andhra Bank has submitted to the Exchange a copy of the Minutes of the Extraordinary General Meeting of shareholders of the Bank held on March 06, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/ANDHRABANK_MinutesEGM_03042009.zip target=NEW> For more details click here.</a>

Andhra Bank had informed the Exchange regarding the election of Shareholder Directors. The bank has now submitted to the Exchange a copy of Bio-Data pertaining to the Directors on the Board of Directors of Andhra Bank. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/andhrabk_Bio_12033009.zip target=NEW> For more details click here.</a>

Andhra Bank has informed the Exchange that the following persons have been elected as the Directors of the Bank from shareholders other than the Central Government under section 9(3)(i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980, at the Extraordinary General Meeting of the Shareholders of the Bank held on March 06, 2009 at Hyderabad: [1] Shri Prem Prakash Pareek [2] Shri V. H. Ramakrishnan [3] Shri Kailasam Raghuraman. The aforesaid three Directors shall assume their office on March 14, 2009 and shall hold office till March 13, 2012 in terms of clause 9(4

Andhra Bank has submitted to the Exchange the Notice to the shareholders with regard to the convening of the Extraordinary General Meeting on March 06, 2009 for the purpose of electing Directors from amongst the shareholders of the Bank other than the Central Government. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Andhrabk_EGM_11022009.zip target=NEW> For more details click here.</a>

Andhra Bank has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter ended December 31,2008.A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/ANDHRABANK_LR_04022009.zip target=NEW> For more details click here.</a>

Andhra Bank has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2008 as follows: Interest earned of Rs. 138242.07 lacs for the quarter ending on 31-DEC-2008 against Rs. 108568.83 lacs for the quarter ending on 31-DEC-2007. Interest expended of Rs. 93054.97 lacs for the quarter ending on 31-DEC-2008 against Rs. 71556.28 lacs for the quarter ending on 31-DEC-2007. Net Profit / (Loss) of Rs. 21268.94 lacs for the quarter ending on 31-DEC-2008 against Rs. 15902.07 lacs for the quarter ending on 31-DEC-2007.

Andhra Bank has informed the Exchange that the Record date has been fixed as February 02, 2009 for the purpose of ascertaining shareholders who will be entitled to participate in the election of shareholder Directors at the Extraordinary General Meeting of the Bank to be convened on March 06, 2009 for the purpose of electing Directors from amongst the shareholders of the Bank other than Central Government as per Section 9 (3) (i) of the Banking Companies (Acquisition and transfer of Undertakings) Act, 1980.