Andhra Bank Bhiwandi

March 14, 2019 - Banks - Thane - Maharashtra - India
  • Andhra Bank Bhiwandi
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Andhra Bank (BSE: 532418, NSE: ANDHRABANK) is a medium-sized public sector bank (PSB) of India, with a network of 2900 branches, 4 extension counters, 38 satellite offices and 3636 automated teller machines (ATMs) as of 31 sep 2018.[7] 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, Telangana, India.

The Government of India owns 63.97% of its share capital as on 31 Dec 2015. The state owned Life Insurance Corporation of India holds 7.66% of the shares. The bank has done a total business of ₹3,106 billion (US$43 billion) and has earned a net profit of ₹5.40 billion (US$75 million) for the Financial Year 2015-16.

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).
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