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Andhra Bank gets nod to raise Rs 200 crore

30 Jan 2020 Evaluate

Andhra Bank’s board has approved the proposal of raising of equity capital of the bank by way of preferential allotment of shares to Government of India (GoI), to an extent of Rs 200 crore. The Board of Directors at its meeting held on January 30, 2020 has considered and 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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