Financial Daily from THE HINDU group of publications
Tuesday, May 13, 2003
Financial Daily from THE HINDU group of publications Tuesday, May 13, 2003 |
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Money & Banking
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Public Sector Banks Andhra Bank allots Rs 69 crore for IT Our Bureau
MUMBAI: Andhra Bank is venturing on a major IT initiative with plans to get all its 1,100 branches online and networked by December. "An allocation of Rs 69 crore has been made for the year 2003-04 towards the computerisation project. In 2001-03, the bank had spent Rs 100 crore towards the same. At present all our branches are fully computerised but on a stand-alone basis,'' said Dr Vasanthan. The next step of networking of branches will start through a cluster approach, first among the 100-odd branches in Hyderabad in July to be later replicated in other parts of the country.
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