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Andhra Bank to get Rs 1,890 crore capital infusion from GoI

27 Jan 2018 Evaluate

Andhra Bank will receiv capital infusion of Rs 1,890 crore from the Government of India (GoI). This will help the bank in meeting regulatory capital requirement and supporting credit growth. The bank’s major focus will be on credit expansion to MSME sector which is the main driver for employment generation.

In addition, the bank is focusing on digital banking while financial inclusion continues to be the thrust area particularly in unbanked and under banked areas. Andhra Bank has also initiated steps to create better ambience at the branches for the customers.

Andhra Bank offers a wide range of services such as Retail banking, Agriculture, MSME, Corporate, NRI services and Personal banking services etc.

Andhra Bank-Amalgama Share Price

15.55 0.00 (0.00%)
19-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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