When does Rs 1 lakh transform itself to Rs 1, 30,000 crores? In 86 years, and if you are Andhra Bank. This bank was founded with a share capital of Rs 1 Lakh on 20 November 1923 by the freedom fighter Dr.Bhogaraju Pattabhi Sitaramayya is now aiming to have a business turnover of 130,000 crores by end March 2010.
A very interesting explanation of its logo… A blue and red colored tilted infinity symbol symbolizes Andhra Bank’s logo. The infinity symbol is meant to indicate that the bank can go to any length to satisfy its customers, The red color symbolizes dynamism, the blue color symbolizes solidity. But when seen in a different light it is the small letter a and b merged together!
The bank has branded its loans using the letters “AB”. AB personal loan, AB home loan, AB vehicle loan etc are some of its products.
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