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Andhra Bank gets nod to raise capital of Rs 3,256 crore

26 Feb 2019 Evaluate

Andhra Bank has received an approval for raising equity capital by way of Preferential allotment of shares to Government of India (GoI), to an extent of Rs 3,256 crore, subject to necessary Statutory/ Regulatory approvals. The Board of Directors of the Bank at its meeting held on February 26, 2019, 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 1004.50
PNB 116.85
Bank Of Baroda 238.00
Canara Bank 124.20
Union Bank Of India 180.80
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