
Andhra Bank to deploy over 1,600 business correspondents to boost financial inclusion programme
NEW DELHI: State-owned Andhra Bank will deploy over 1,600 business correspondents to provide a host of services like account opening, door-step banking, ATM deployment and NPA recovery under its financial inclusion project. The bank will deploy these business correspondents mainly in Andhra Pradesh and Telangana. The lender has been implementing the financial inclusion project since 2010 through the business correspondent model with micro ATMs/kiosk banking technology. Among others, the business correspondents (BCs) may also be assigned with other financial and non-financial transactions like recovery of loans, enrolment of social security schemes as well as mobilisation of new business for the bank. They may also be required to carry on with all government schemes including Aadhaar, mobil...