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Amalgamation Scheme : The Central Government in exercise of the powers conferred by Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 after consultation with the Reserve Bank of India has notified the Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India Scheme, 2020 ("Amalgamation Scheme") vide gazette notification dated March 4, 2020.
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. During 2011–12, the bank entered the states of Tripura and Himachal Pradesh.It operated in 25 states and three union territories. 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 ...
Mar 31, 2020 · Come April 1, it will be curtains for Andhra Bank as one of the oldest and well-known household names in the region gets amalgamated with Union Bank of India.
13 hours ago · A 26-year-old woman reported being raped by a driver of a private sleeper bus travelling between Telangana and Andhra Pradesh. She alerted the police using 'Dial 100' when the bus was near ...
Dec 18, 2023 · Andhra Bank is one of the prominent public sector banks that provide a range of banking products and services such as savings accounts, fixed deposits, credit cards, loans, etc. Customers can have queries and issues related to any product or service.To address the issues, queries, and complaints of customers, the bank has ensured maintaining multiple channels of communication such as Andhra Bank customer care toll-free number, email, SMS, etc. which facilitate the customers to reach out to ...
16 hours ago · India Business News: August 2024 Bank Holidays: In August, banks across India were closed for up to 13 days due to Sundays, national holidays, and regional festivals. Key
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15 hours ago · Despite these big commitments, Ramesh said a newspaper reported on Monday that the financial package for Andhra Pradesh and Bihar may cost the exchequer only about Rs 20,000-30,000 crore this year.
14 hours ago · New Delhi, The Congress on Tuesday claimed that Finance Minister Nirmala Sitharaman had "pulled a fast one" on NDA allies in Bihar and Andhra Pradesh given that most announcements in the Budget will not see light of day for a few years. The move, said Congress general secretary Jairam Ramesh, was "a post-dated cheque on a crashing bank".In a post on X, he also shared a media report claiming that financial packages for Andhra Pradesh and Bihar are likely to cost the Centre Rs 20,000-30,000 crore.
Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). Code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use ...
