Andhra Bank: Legacy & Transition
Founded on 28th November 1923 by Bhogaraju Pattabhi Sitaramayya, Andhra Bank emerged as a key player in India's banking sector, offering diverse financial services nationwide. Operating initially from Machilipatnam in the Madras Presidency, Andhra Bank expanded across states and territories, maintaining a pan-India presence until its merger with Union Bank of India on April 1, 2020.

Historical Insights
Bhogaraju envisioned a bank as both a financial entity and a catalyst for socio-economic growth. Despite starting with modest capital, Andhra Bank aimed high, significantly contributing to regional development through banking services. The creation of Andhra Pradesh in 1956 moved its headquarters to Hyderabad, ushering in growth and integration. Nationalised in April 1980, Andhra Bank enriched its network by merging with Bharat Lakshmi Bank among others.

Products and Services
Noteworthy for introducing AB INFI-net Internet Banking, Andhra Bank supported digital banking advances, especially in semi-urban and rural regions. It earned recognition for leveraging technology to enhance banking accessibility.

International Expansion
Andhra Bank embraced globalization by establishing overseas offices in Dubai and Jersey City, and engaging in a Malaysian joint venture. These steps aimed at servicing the NRI community and facilitating global trade.

Community Involvement
Committed to community upliftment, Andhra Bank significantly contributed to initiatives like the Andhra Pradesh Banker's Institute of Entrepreneurship Development and village adoption for comprehensive development under CSR efforts.

Merger and Legacy
The merger with Union Bank marked a strategic evolution, uniting strengths to form a robust entity positioned for modern financial challenges. This consolidation endeavors to uphold Andhra Bank's legacy of customer service and community engagement. Andhra Bank's century-long contributions are pivotal in India's banking narrative, with its merger paving the way for enduring foundational values in emerging financial frameworks.