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Andhra Bank gets approval to raise funds

11 Jul 2018 Evaluate

Andhra Bank has received an approval to raise equity by the way of Preferential Issue, Qualified Institutional Placement (QIP), follow on Public Offer etc. The Board of Directors of the company at their meeting held on July 10, 2018, approved the same.

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

Peers
Company Name CMP
State Bank Of India 963.90
PNB 122.25
Bank Of Baroda 237.50
Canara Bank 120.05
Union Bank Of India 181.05
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