Thursday , 18 July 2019
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Andhra Bank to raise Rs 2,000 crore equity capital in FY20

Andhra Bank to raise Rs 2,000 crore equity capital in FY20

Andhra Bank has received approval to raise the equity capital amounting to Rs 2,000 crore (including premium) by way of Qualified Institutional Placement (QIP) / Follow-on Public Offer (FPO) / Sale of non-core assets / Preferential Allotment / any other approved means during FY 2019-20. The Board of Directors of the Bank at its meeting held on June 24, 2019 has 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.



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