Andhra Bank, a mid sized public sector bank incorporated in 1923, was nationalized in 1980. The bank offers retail banking, small and medium enterprise (SME) banking, treasury and financial institutional services. The Government of India (GoI) is a major shareholder of Andhra Bank with a stake of 51.55%. Headquartered in Hyderabad the bank services 18 million customers. During the financial year 2008, the bank opened 84 branches, and 151 ATMs. The bank’s delivery network consists of 1388 branches, 64 extension counters, 38 satellite offices and 685 ATMs as of 30th September 2008.