ANDHRA BANK - Outcome of Board Meeting

Andhra Bank has informed BSE that the Board of Directors of the Bank at its meeting held on May 30, 2016, has <BR>reviewed the projections of ICAAP (Internal Capital Adequacy Assessment Process) requirements for the financial year <BR>2016-17 and estimated the requirement of capital / funds of Rs. 2,700 crores (by way of Equity/Tier 1/Tier 2 Bonds).<BR><BR>The above-mentioned raising of capital (Equity/ Tier 1/ Tier 2 Bonds) will be made at an appropriate time depending on the market conditions, to meet the additional capital requirements during 2016-17.