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Andhra Bank is venturing on a major IT initiative with plans to get all its 1,100 branches online and networked by December 2003. 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 the branches are fully computerised but on a stand-alone basis. The next step of networking of branches will start through a cluster approach - first among the 100 odd branches in Hyderabad in July 2003, to be later replicated in other parts of India.
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