Andhra Bank fades into history

Andhra Bank fades into history

Come April 1, it will be curtains for Andhra Bank as one of the oldest and well-known household names in the region gets amalgamated with Union Bank of India. A part of the Central government plan to create four larger banks by merging 10, the move will see Andhra Bank over time coming to be identified as Union Bank of India. While its fading into history is certain, what, however, will remain in public memory is the long association it built with lakhs of customers, earning their trust and rendering decades of service. For the Telugu States, it will be second, home grown bank they will have to let go. State Bank of Hyderabad (SBH) was the first when it got merged with the State Bank of…
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Source: https://www.thehindu.com/news/national/telangana/andhra-bank-fades-into-history/article31220453.ece/amp/