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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.
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.
On 1st April 2020, Andhra Bank and Corporation Bank were amalgamated into Union Bank of India. Our Bank has a network of 8,400+ domestic branches, 9,300+ ATMs, 75,000+ employees and 20,000+ Business Correspondents. The Bank has expanded its presence across all States and Union Territories.
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...
Apr 1, 2020 · "As of today, all employees, customers and branches of Andhra Bank and Corporation Bank will become part of the Union Bank of India family," it added. The amalgamation will also strengthen the bank's footprint in southern India with considerable market share in this region, the Mumbai-headquartered lender said.
Mar 31, 2020 · A part of the Central government plan to create four larger banks by merging 10, the move will see Andhra Bank over time coming to be identified as Union Bank of India.
Jun 14, 2024 · Andhra Bank Stock Price Today, Live NSE Share Price: Get the latest Andhra Bank news, company updates, quotes, tips, historical charts, 52 week high low, market performance financial reports and many more at NSE India.
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.
Andhra Bank is an India-based bank. The Bank's business segments are Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. Its loan portfolio includes priority...
