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Andhra Bank was a medium-sized public sector bank (PSB) of India, with a network of 2885 branches, 4 extension counters, 38 satellite offices and 3798 automated teller machines (ATMs) as of 31 March 2019.
- 28 November 1923; 99 years ago
- ₹20,977.26 crore (US$2.6 billion) (2018-19)
- 20,346 (2018-19)
Andhra Bank Financial Services Limited is a 100% subsidiary of the Bank incorporated in the year 1991 for undertaking hire purchase and leasing activities. ABFSL commenced its business in July 1991. However, the Company had stopped its activities in August 1992 and being maintained as Non-Banking, Non-Financial Institution (NBNFI).
Apr 20, 2020 · Andhra Bank and Corporation Bank were merged into Union Bank of India on April 1 as a part of consolidation exercise in the country's banking space. BusinessToday.In. New Delhi, Updated Apr...
Aug 30, 2019 · As part of the mega-merger plan, Andhra Bank and Corporation Bank will be merged with Union Bank of India. In a media briefing, Sitharaman said, the combined entity will be the fifth-largest...
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Apr 1, 2020 · New Delhi: Union Bank on Wednesday said it has become the country's fifth largest public sector lender after amalgamating Andhra Bank and Corporation Bank into itself. The merger, effective from Wednesday, will harness rich individual legacies and forge a dynamic shared future, it said in a release.
Mar 31, 2020 · Andhra Bank was founded by freedom fighter Bhogaraju Pattabhi Sitaramayya and commenced business on November 28, 1923 with a paid up capital of ₹ 1 lakh and an authorised capital of ₹10 lakh....
Jan 28, 2021 · Andhra Bank and Corporation Bank's amalgamation with Union Bank came into effect from April 1, 2020. Follow us: Whatsapp Facebook Twitter Telegram Google News. The migration of all the customers of the Corporation Bank and Andhra Bank has been successfully completed to the core banking solution (CBS) of Union Bank of India (UBI).
