Andhra Bank to sanction MSME loans within 59 minutes

Visakhapatnam | Tuesday | 9th October, 2018

Summary:

Swami Atmavidananda of Ramakrishna Mission, Andhra Bank Deputy General Manager E.

Koti Reddy, AGMs A.V.G. Reaching out: Andhra Bank Circle GM K.S.D. | Photo Credit: K_R_DEEPAKmore-inAmaravati circle of Andhra Bank on Monday joined the online portal created for public sector banks to sanction MSME loans from ?10 lakh to ?1 crore without collateral security within an hour of receiving applications. Siva Vara Prasad inaugurating an ATM on the Ramakrishna Mission compound in Visakhapatnam on Monday. The bank has 935 branches across 13 districts with a business turnover of ?1 lakh crore and advances of ?43,000 crore..