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Andhra Bank : ウィキペディア英語版
Andhra Bank


Andhra Bank () is a medium-sized public sector bank (PSB), with a network of 2507 branches, 15 extension counters, 38 satellite offices and 2232 automated teller machines (ATMs) as on 31 Mar 2015 and planning to open 300+ branches by 31 March 2016.〔(【引用サイトリンク】title=FY 2014-15 Press Release )〕 During 2011–12, the bank entered the states of Tripura and Himachal Pradesh. The bank now operates in 25 states and three Union Territories. Andhra Bank has its Headquarters in Hyderabad, India.
The Government of India owns 58% of its share capital and is going to increase it to 62.14% by infusing in capital.〔(Government of India to Infuse 1,100 Crore in Andhra Bank )〕 The state owned Life Insurance Corporation of India holds 10% of the shares.〔(LIC buys 101,000 shares of Andhra Bank )〕 The bank has done a total business of for the fiscal year ended 31 March 2013.
Andhra Bank is 100% CBS as on date. This will benefit the customers, who will have access to banking and financial services anytime, anywhere through multiple delivery channels. Andhra Bank is a pioneer in introducing Credit Cards in the country in 1981.
Andhra Bank has ranked No.1 in terms of number of Life Insurance Policies mobilised amongst all the agency banks dealing with the Life Insurance Corporation of India. The bank also has tie-up with United India Insurance Company Limited under Bancassurance (Non-Life).
== History ==

Dr. Bhogaraju Pattabhi Sitaramayya founded Andhra Bank in 1923 in Machilipatnam, Andhra Pradesh. The bank was registered on 20 November 1923 and commenced business on 28 November 1923 with a paid up capital of and an authorised capital of In 1956, linguistic division of States was promulgated and Hyderabad was made the capital of Andhra Pradesh. The registered office of the bank was subsequently shifted to Andhra Bank Buildings, Sultan Bazar, Hyderabad. In the second phase of nationalisation of commercial banks commenced in April 1980, the bank became a wholly owned Government bank. In 1964, the bank merged with Bharat Lakshmi Bank and further consolidated its position in Andhra Pradesh.
IndiaFirst Life Insurance Company is a life insurance company in India. It is a joint venture between two of India’s public sector banks – Bank of Baroda (44%) and Andhra Bank (30%), and UK’s financial and investment company Legal & General(26%). It was incorporated in November 2009. It has its headquarters in Mumbai. IndiaFirst Life made more than in turnover in just four and half months since the insurance company became operational. IndiaFirst Life insurance company is headquartered in Mumbai. IndiaFirst is the first life insurance company to be recommended for ISO certification within 7 months of inception.

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