Andhra Bank
Andhra Bank was a public sector bank in India, founded on 28 November 1923 by Pattabhi Sitaramayya in Machilipatnam (now in Andhra Pradesh). It grew into a mid-sized bank with its headquarters in Hyderabad, serving customers across India and abroad.
By March 2019, Andhra Bank had a large network: about 2,885 branches, 38 extension counters, and 3,798 ATMs across 25 states and three union territories. The bank operated internationally with representative offices in Dubai (since 2006) and Jersey City (since 2009), and a Malaysia venture (India International Bank, Malaysia) planned in partnership with Bank of Baroda and Indian Overseas Bank.
Andhra Bank became wholly government-owned in 1980 as part of the nationalisation of banks. In 2009, it helped form IndiaFirst Life Insurance Company in collaboration with Bank of Baroda and Legal & General, with Andhra Bank holding a 30% stake.
In 2019, the government announced a merger of Andhra Bank with Union Bank of India (along with Corporation Bank). The merger was approved in March 2020 and completed on 1 April 2020, making Union Bank of India one of the largest public sector banks in the country.
Key products and services included consumer banking, corporate banking, credit cards, private banking, wealth management, and agricultural loans. Andhra Bank introduced AB INFI-net internet banking and offered rail ticket bookings through the IRCTC gateway.
Financially, in 2018-19 the bank reported revenue of about ₹20,977 crore and total assets near ₹2,49,311 crore, with a net loss around ₹2,786 crore and about 20,346 employees. The government owned roughly 90.85% of its shares, with Life Insurance Corporation holding about 7.8%.
The bank received technology and payments-related awards and ran social initiatives, such as the Gundugolanu village development program in Andhra Pradesh. After the 2020 merger, Andhra Bank ceased to exist as an independent entity and became part of Union Bank of India.
This page was last edited on 2 February 2026, at 04:07 (CET).