Andhra Bank opens staff college in Hyderabad

Andhra Bank has set up a modern staff college for imparting training to its employees.

The college, came up on a five-acre plot in the financial district, Nanakramguda here. It would function as an apex institute to upgrade the skill levels and provide quality training, Mr R Ramachandran, Chairman and Managing Director, Andhra Bank, said at the inaugural function held here on Monday.

Going forward, the college would be developed as a multi-disciplinary academy with tie-ups with other reputed institutions of learning, he added.

As most of the employees who joined the bank in 1970s were retiring, the younger generations being recruited would need to be trained.

There was a need for specialists in functions such as treasury management besides generalists, he added.

The Chief Minister Mr N Kiran Kumar Reddy, who formally inaugurated the college and 23 branches in various parts of the country, said banking system had changed dramatically in the recent past.

Banks were supporting all the welfare programmes of the Central and State Governments, he added.

Mr A A Taj, Executive Director, Andhra Bank, said the customer base was over 20 million and the bank has pan-India presence.

The staff college was inaugurated today to mark its foundation day.

Freedom fighter Dr Bhogaraju Pattabhi Sitaramayya had set up Andhra Bank in Machipatnam in 1923 with a paid-up capital of Rs 1 lakh.

It now has a business of over Rs 1.67 lakh crore.

nagsridhu@thehindu.co.in