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30 Aug 2019

Modi govt announces merger of PNB, OBC, United Bank to make India's 2nd largest PSB

Finance Minister Nirmala Sitharaman announced a mega-merger plan for public sector banks, with Union Bank of India, Andhra Bank and Corporation Bank getting merged into a single entity.

PSBs fund infusion

27 Nov 2018

Govt to infuse Rs 42,000 cr in PSU banks by March

The government earlier this year pumped Rs 11,336 crore in five PSBs -- PNB, Allahabad Bank, Indian Overseas Bank, Andhra Bank and Corporation Bank -- to improve their financial health.

PSB executive directors

10 Oct 2017

Govt appoints executive directors in 9 public sector banks

Bajrang Singh Shekhawat has been appointed executive director of Central Bank of India.

31 May 2017

Andhra Bank launches mobile app

State-owned lender Andhra Bank said it has launched a mobile app for its customers.

Finance Ministry

23 Apr 2017

Finance Ministry in talks with PSBs to get a fix on growth plans, funding

The finance ministry has initiated detailed discussions with select public banks to assess their growth blueprint over the next three years and seek turnaround plans to check if they need more growth capital.

25 Jul 2015

Andhra Bank Q1 net up 89.27% at Rs 202.52 crore

Andhra Bank on Saturday reported a 89.27 percent jump in Net profit at Rs 202.52 crore for the first quarter ended June 30, 2015, on improved asset quality.

27 Apr 2015

Andhra Bank Q4 profit jumps over twofold to Rs 185 crore

The public sector bank had posted a net profit of Rs 88.08 crore in the same period last financial year, it said in a filing to the BSE.

16 Feb 2015

Andhra Bank fixes Rs 90.69/share price for pref issue to govt

State-owned Andhra Bank today said the issue price for the proposed preferential allotment of equity to government has been fixed at Rs 90.69 per share.

30 Jan 2015

Andhra Bank Q3 Net up over 4-fold to Rs 202 crore on higher income

"Total income has increased from Rs 3,900.54 crore for the quarter ended December 31, 2013 to Rs 4,540.61 crore for the quarter ended December 31, 2014," the bank said in a filing to the BSE.

Coimbatore Zone

24 Nov 2014

Coimbatore Zone aims to achieve Rs 5,000 crore business

The Coimbatore Zone of Andhra Bank aims to achieve a business level of Rs 5,000 crore by the end of this fiscal, a top bank official on Monday said.

30 Oct 2014

Andhra Bank net jumps 2-fold at Rs 144 crore in Jul-Sept qtr

Public sector Andhra Bank's net profit more than doubled to Rs 144.49 crore in the second quarter ended September 31, 2014-15 on higher income from retail banking operations.

25 Jul 2014

RBI penalises ICICI Bank, Canara Bank, Yes Bank & 9 others

ICICI Bank, Axis Bank, Canara Bank, IDBI Bank, Yes Bank and seven other banks have been penalised in the case of Deccan Chronicle Holdings, the RBI said today.

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