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.