B. A. Prabhakar, Andhra Bank

B. A. Prabhakar, Chairman & Managing Director, Andhra Bank, Hyderabad, Andhra Pradesh. I welcome one & all for the launch of ‘AB Professional Loan’. The scheme is designed to meet the credit requirements of practicing professionals like CAs, Cost Accountants, Company Secretaries, lawyers, Engineers, and Architects etc. Andhra Bank had its presence with 1100 branches. We have so far graced our presence with 68 branches and trying to open other 15-20 branches very soon. Andhra Bank crossed 1, 77,000 crores with 98,000 crore deposits. The Y-O-Y growth is about 21%. The unique feature of the product is no requirement of collateral security for the loan. Assessment criteria include CGTMSE Premium charges.