The Enforcement Directorate (ED) filed a charge sheet against a Former Director of the Andhra Bank. In an interview with CNBC-TV18, AK Rath, Executive Director of Andhra Bank spoke about the latest happenings in his company and sector.

Reached out to 3 lk people as part of Jan Dhan Yojana:Bartronics

Bartronics has helped banks so far reached out to 3 lakh people as part of Jan Dhan Yojana, says K Udai Sagar, Managing Director of the company. It is currently working in tandem with Andhra Bank. Bank of Maharashtra is a potential client, says Sagar.

Expect no negative asset quality surprises in Q3: Andhra Bk

In an interview to CNBC-TV18, SK Kalra, Executive Director, Andhra Bank, shares his views on the upcoming quarters and his outlook for the bank.

State Bank of Travancore cuts base rate by 20 bps to 9.95%

The bank has cut its base rate from 10.15 percent to 9.95 percent effective October 5, 2015

UCO Bank cuts base rate by 25 bps to 9.70%

Other than UCO Bank, State Bank of India, Bank of India, Andhra Bank and State Bank Of Travancore have also cut their base rates.

Not facing issues with lenders; will lower debt: Amtek Auto

The company also has huge debt on its books, but Gautam Malhotra of Amtek Auto says he is exploring various options to reduce the same and expects to lower it by up to Rs 2,000 crore in the next two years.

Accountability for allocated capital important: Andhra Bank

VR Rajendran, Former CMD, Andhra Bank spoke of his expectation from the govenment's bank capitalization plan. He stresses on bringing efficiency parameters that will result in improving performance of banks.

CDR nod key to dealing with Bhushan loan: Andhra Bank

CVR Rajendran, CMD of Andhra Bank said the bank is mulling many options to deal with the exposure of Rs 1500 crore. If the company's CDR plans go through, the bank is willing to refinance the loan by extending the period of repayment.

Need Rs 200-300cr by govt to stay afloat: Andhra Bank

CVR Rajendran is confident of maintaining the net interest margin at 3 percent in Q3 and gross NPAs and net NPAs at Q2 levels.

Hope to contain gross NPA below 5% this quarter: Andhra Bk

The farm loan waiver of up to Rs 1.5 lakh per family announced by Andhra Pradesh Chief Minister Chandrababu Naidu is getting implemented today.

Exposure to power Discoms at Rs 10,000 cr: Andhra Bank

Andhra bank‘s total exposure to Discoms is at Rs 10,000 crore. Bank‘s CMD CVR Rajendran sees power tariff increasing post 2014 elections.

NPLs likely to stay above 5% till Q4FY14: Andhra Bank

CVR Rajendran, CMD, Andhra Bank, told CNBC-TV18 that the bank‘s earnings will improve by the second quarter next fiscal, during which time the bank may look to raise additional capital through a qualified institutional placement.

May tweak deposit rates once RBI clarifies steps: Andhra Bk

In an interview to CNBC-TV18, BA Prabhakar, CMD of Andhra Bank speaks about the measures taken by the Reserve Bank of India (RBI) for tightening liquidity in the market furthermore. He clarifies on whether or not, the banks will raise deposit rates in the future.

Total exposure to discoms at Rs 4500cr: Andhra Bank

State-owned Andhra Bank has completed the process of loan restructuring of Tamil Nadu state electricity board (TNSEB). The lender loaned to three such state distribution companies (discoms) with a total exposure of Rs 4,500 crore as per the financial restructuring plan (FRP).

Bad loans to rise till Sept, downgrades over: India Ratings

Even though there is no such big threat for rating downgrades, according to Ananda Bhoumik – Director India Ratings, the domestic arm of global rating agency – Fitch; non-performing loans (NPLs) are expected to rise till September, 2013.

Experts discuss RBI's recos on priority sector lending

The RBI committee has come out with its recommendations on lending to priority sector. In an interview to CNBC-TV18, BA Prabhakar, CMD of Andhra Bank, MV Nair and N Seshadri, ED of Bank of India, discuss pros and cons of the recommendations.