Who is the owner of Andra Bank | wiki

Andra Bank, was incorporated on 20th November 1923 and began business on 28th November 1923 with a reimbursed capital of Rs 1.00 lakh and authorized capital of Rs 10.00 lakhs.

Andra Bank, founded by the eminent freedom fighter and a multifaceted genius, Dr. Bhogaraju Pattabhi Sitaramayya.

Owner of Andra Bank India -Wiki – profile (Credit – wikimedia.org)

Dr. Bhogaraju Pattabhi Sitaramayya was born on 24th November 1880 in Gundugolanu village, West Godavari District in Andhra Pradesh. He was a renowned Freedom Fighter and a very illustrious personality.

Shri Ajit Kumar Rath, Appointed as Executive Director. He joined the Union Bank of India in Scale IV cadre in 2001 and worked till 12th March 2015. During his career in UBI was elevated to General Manager cadre. Straightaway, he assumed charge as Executive Director in Andhra Bank on 13th March 2015. Moreover, he was a Director on the Board of Swift India Domestic Services Pvt. Ltd., on behalf of Union Bank of India. He has attended training organized by the Reserve Bank of India, National Institute of Bank of Management, and also training abroad. J. Packirisamy is the current MD and CEO of Andra bank.

In the first place, Andra bank introduced many innovative schemes for the development of banking and to provide customer services at the doorstep. Notwithstanding, the establishment of its staff college in 1973, the banking function was given accent only post the nationalization.

Formerly, a Government of India undertaking. Equally, the Bank transacts general banking business of all kinds including foreign exchange. Of course, they are the pioneer who introduced credit card facilities in India.

In addition, Andhra Bank bumper-to-bumper with a real estate portal – indiaproperties.com, provides housing loans through the Internet. Notably, Andhra Bank announced that it has entered into a rupee drawing arrangement with the National Exchange Company, WLL, Doha, Qatar. owing to the idea of facilitating private remittances to India, primarily on behalf of non-resident Indians (NRIs). IDBI has authorized a strategic alliance with Andhra Bank to extend their Automated Teller Machine reach to aid Andra Bank reach. Eventually, ICICI, SBI, and many other banks too made a tie-up with Andra Bank for extending the ATM network.

Furthermore, Andra Bank is the first to launch Biometric ATM’s in India.

Company Secretary :

Ms. Ruchi Ravidas Rangari
Company Secretary
Merchant Banking Division,
Andhra Bank, Head Office,
Hyderabad – 500004,

• Email ID: mbd@andhrabank.co.in
• Phone No: 040 – 23252371
• Fax: 040 – 23230883

1800 425 1515 (TeleBanking and Credit card support)
1800 425 7701 (Pension related issues)

Queries

• Toll-Free: 1800 425 1515
• Tel: 040 23234313, 23252000
• Fax: 23232419
• Email ID: customerser@andhrabank.co.in