Andhra Bank
From Wikipedia, the free encyclopedia
| Andhra Bank | |
 |
|
| Type | Public |
|---|---|
| Founded | 1923 |
| Headquarters | Andhra Pradesh |
| Key people | K Ramakrishnan (CMD) |
| Industry | Finance |
| Products | Private Banking |
| Revenue | Rs. 3,133 crore (as of 2005) |
| Employees | ??? |
| Slogan | "Much more to do, with YOU in focus" |
| Website | www.andhrabank-india.com |
Andhra Bank is an Indian nationalised commercial bank, founded in 1923 by Dr.Bhogaraju Pattabhi Sitaramayya. The Bank has 1,179 branches as of September, 2005. Andhra Bank and Canara Bank were the pioneers in introducing Credit Cards in India during the early eighties.
In advertisements put out in 2006, the bank claimed to be "No 1 in Asia for return on capital" and having moved "up the world ranking by 277 notches to reach 683rd global ranking". These claims could not be independently verified. It sourced some of this information to The Banker of London, a Financial Times of London Group of Business Publications, of July and August 2005.
It also said it had 130,000 shareholders, 13.72 million customers and 13,922 employees "spread across the length and breadth of the country" (India).
It is a "Government of India undertaking", reflecting the reality that it is one of the major (and traditionally, more stable) banks run by the Government of India since banking in the country was "nationalised" in the late 'sixties. Of late however, a number of private banks have entered the field, many with foreign collaborations, and have offered tough competition to the nationalised, larger banks.
[edit] See also
[edit] References
[edit] External links
 |
This bank-related article is a stub. You can help Wikipedia by expanding it. |
This Indian corporation, company, Cooperative, NGO or Public Sector Undertaking article is a stub. See the WikiProject India for article coordination. You can help Wikipedia by expanding it.
