请输入您要查询的百科知识:

 

词条 Andhra Bank
释义

  1. History

  2. Products and services

  3. International expansion

  4. Awards

  5. Community involvement

  6. See Also

  7. References

  8. External links

{{Use dmy dates|date=January 2014}}{{multiple issues|{{Peacock|date=January 2009}}{{Refimprove|date=April 2015}}{{Primary sources|date=January 2009}}
}}{{Use Indian English|date=June 2013}}{{Infobox company
| name = Andhra Bank
| logo =
| type = Public
| traded_as = {{NSE|ANDHRABANK}}
{{BSE|532418}}
| industry = Banking, Financial services
| founder = Bhogaraju Pattabhi Sitaramayya
| hq_location_city = Hyderabad
| area_served = India
| key_people = J. Packirisamy
{{small|(MD & CEO)}}
| products = Consumer banking, Credit cards, corporate banking, finance and insurance, private banking, wealth management, Agricultural Loans
| revenue = {{increase}}{{INRConvert|18027.42|c}}{{small|(2016-17)}}[1]
| operating_income = {{increase}}{{INRConvert|4387.95|c}}{{small|(2016-17)}}[2]
| net_income = {{decrease}}{{INRConvert|174.32|c}} {{small|(2016-17)}}[3]
| assets = {{increase}} {{INRConvert|222126.13|c}}{{small|(2016-17)}}[4]
| equity =
| num_employees = 20981 {{small|(2016-17)}}[5]
| ratio = 12.38% {{small|(2016-17)}}[6]
| foundation = {{Start date and years ago|df=yes|1923|11|20}}
| homepage = {{URL|https://www.andhrabank.in/}}
}}

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 {{INRConvert|3106|b}} and has earned a net profit of {{INRConvert|5.40|b}} 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).{{Citation needed|date=January 2009}}

History

{{Unreferenced section|date=February 2017}}

Bhogaraju Pattabhi Sitaramayya founded Andhra Bank in 1923 in Machilipatnam, Andhra Pradesh. The bank was registered on 20 November 1923 and commenced business on 28 November 1923 with a paid up capital of {{INRConvert|100000}} and an authorised capital of {{INRConvert|1|m}} In 1956, linguistic division of States was promulgated and Hyderabad was made the capital of Andhra Pradesh. The registered office of the bank was subsequently shifted to Andhra Bank Buildings, Sultan Bazar, Hyderabad. In the second phase of nationalisation of commercial banks commenced in April 1980, the bank became a wholly owned Government bank. In 1964, the bank merged with Bharat Lakshmi Bank and further consolidated its position in Andhra Pradesh.

IndiaFirst Life Insurance Company is a life insurance company in India. It is a joint venture between two of India’s public sector banks – Bank of Baroda (44%) and Andhra Bank (30%), and UK’s financial and investment company Legal & General(26%). It was incorporated in November 2009. It has its headquarters in Mumbai. IndiaFirst Life made more than {{INRConvert|2|b}} in turnover in just four and half months since the insurance company became operational. IndiaFirst Life insurance company is headquartered in Mumbai. IndiaFirst is the first life insurance company to be recommended for ISO certification within 7 months of inception.

Products and services

Andhra Bank introduced Internet Banking Facility (AB INFI-net) to all customers of cluster linked branches. Rail Ticket Booking Facility is made available to all debit card holders as well as to internet banking customers through IRCTC Website through a separate gateway. Corporate Website is available in English, Hindi and Telugu Languages communicating Bank's image and information. Bank has been given 'BEST BANK AWARD' a banking technology award by IDRBT, Hyderabad for extensive use of IT in Semi Urban and Rural Areas on 2 September 2006.[8] IBA Jointly with TFCI has conferred the Joint Runner-up Award to the Bank in the Best Payments initiative category[9] in recognition of outstanding achievement of the Bank in promoting ATM Channel.{{Citation needed|date=January 2009}}

International expansion

Andhra Bank opened a representative office in Dubai in May 2006 and another at Jersey City, New Jersey, in June 2009.{{cn|date=February 2017}}

In 2010 Malaysia awarded a commercial banking license to a locally incorporated bank to be jointly owned by Bank of Baroda, Indian Overseas Bank and Andhra Bank. The new bank, India BIA Bank (Malaysia), will have its headquarters in Kuala Lumpur, which has a large population of Indians. Andhra Bank will hold a 25% stake in the joint-venture. Bank of Baroda will own 40% and IOB the remaining 35%.

Andhra Bank entered MoU with Bank of Baroda and Legal & General Group of UK to form a joint venture life insurance company IndiaFirst Life Insurance Company. The shareholders' agreement has already been signed and necessary formalities are being completed for setting up of the company. The JV Company is already incorporated in June'08 and is in the process of filing for approvals from IRDA etc. IndiaFirst has commenced operations.

Awards

Andhra Bank was ranked 532nd for the year ended 31 March 2007 amongst Top 1000 Banks in the world by "The Banker" – a London-based publication based on Tier I Capital as defined by Basel's Bank for International Settlements (BIS).[10]

Community involvement

{{Unreferenced section|date=February 2017}}

Andhra Bank, along with A P State Government, NABARD, Canara Bank, Indian Bank, IOB and SBH sponsored the Andhra Pradesh Banker's Institute of Entrepreneurship Development, which will offer training to unemployed youth for improving their skills in Andhra Pradesh.

Andhra Bank adopted Gundugolanu village, West Godavari District, Andhra Pradesh – the birthplace of its founder, Dr. Bhogaraju Pattabhi Sitaramayya. A comprehensive budget with an outlay of {{INRConvert|55.5|m}} is finalised for improving health, sanitation, education and social service facilities in the village.

See Also

  • List of banks
  • List of banks in India

References

1. ^https://www.andhrabank.in/Download/AnnualReport2016-17.pdf
2. ^https://www.andhrabank.in/Download/AnnualReport2016-17.pdf
3. ^https://www.andhrabank.in/Download/AnnualReport2016-17.pdf
4. ^https://www.andhrabank.in/Download/AnnualReport2016-17.pdf
5. ^https://www.andhrabank.in/Download/AnnualReport2016-17.pdf
6. ^https://www.andhrabank.in/Download/AnnualReport2016-17.pdf
7. ^{{cite web |url= http://www.andhrabank.in/PressReleases/Press%20Release%20March%202016.pdf|title=FY 2015-16 Press Release |publisher= Andhra Bank}}
8. ^{{cite web|url=http://www.idrbt.ac.in/BT_2006.html|title=IDRBT - Banking Technology Excellence Awards|publisher=|access-date=14 July 2015|archive-url=https://web.archive.org/web/20150924032820/http://www.idrbt.ac.in/BT_2006.html|archive-date=24 September 2015|dead-url=yes|df=dmy-all}}
9. ^{{cite web|url=http://www.iba.org.in/Marbulletin/IBA%20pg1to12.pdf |title=Archived copy |accessdate=2015-07-14 |deadurl=yes |archiveurl=https://web.archive.org/web/20070410124543/http://www.iba.org.in/Marbulletin/IBA%20pg1to12.pdf |archivedate=10 April 2007 |df=dmy }}
10. ^{{cite web|url=http://www.citigroup.com/transactionservices/home/about_us/press_room/archives/2008/2008_0917c.jsp|title=CITI AND ANDHRA BANK ENTER REMITTANCE SERVICES ALLIANCE|publisher=}}
  • Draft Red Herring Prospectus of Andhra Bank filed with SEBI
  • Andhra Bank Press release-March '15

External links

{{commons category|Andhra Bank}}
  • {{Official website|http://www.andhrabank.in}}
{{Portal|Companies|Banks|India}}{{Banking in India}}

7 : Public Sector Banks in India|Banks established in 1923|Companies nationalised by the Government of India|1923 establishments in India|Companies based in Hyderabad, India|Companies listed on the Bombay Stock Exchange|Companies listed on the National Stock Exchange of India

随便看

 

开放百科全书收录14589846条英语、德语、日语等多语种百科知识,基本涵盖了大多数领域的百科知识,是一部内容自由、开放的电子版国际百科全书。

 

Copyright © 2023 OENC.NET All Rights Reserved
京ICP备2021023879号 更新时间:2024/11/12 6:43:16