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A subsidiary of the Uniopn Bank of India, Andhra Bank Financial Services Limited was established in 1991 to do leasing and hire-purchase business.
Union Bank of India is one of the largest government-owned banks of India, we present you range of Netbanking, Corporate, NRI Banking Services and etc at UBI.
It had its headquarters in Hyderabad, Telangana, India. Along with Corporation Bank, Andhra Bank was merged with Union Bank of India in April 2020. The government of India owned 90.85% of its share capital as of 31 March 2019. The state-owned Life Insurance Corporation held 7.80% of the shares.
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.
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...
Aug 30, 2019 · Finance Minister Nirmala Sitharaman said that the merger of Union Bank of India, Andhra Bank and Corporation Bank would make it the fifth largest bank of the country with business of Rs...
Apr 1, 2020 · Union Bank also said with effect from Wednesday, basic services such as cash withdrawal and deposit, balance enquiry and funds transfer will become interoperable across the combined network. "No additional charges will be levied on Andhra Bank and Corporation Bank customers using Union Bank ATM's and vice versa," it added. KPM ABM ABM
Mar 28, 2020 · Branches of Andhra Bank and Corporation Bank to operate as branches of Union Bank of India from April 1, 2020
Sep 13, 2019 · The proposed merger of Andhra Bank with Union Bank of India (UBI) on Friday received a crucial approval from the board of directors of the former.
Jan 28, 2021 · 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). The Union Bank on January 25 informed that it has completed IT integration of all branches of erstwhile Andhra Bank with itself.
