Company Information

Get to know Andhra Bank

Founded in 1923, Andhra Bank was a major government-owned bank headquartered in Hyderabad, India. It provided a wide range of banking and financial services, including retail banking, corporate banking, agricultural loans, and NRI services. On April 1, 2020, as part of a government-led consolidation of public sector banks, Andhra Bank and Corporation Bank were merged into Union Bank of India, ceasing their individual operations and creating one of the largest public sector banks in the country. All former branches and operations of Andhra Bank now function under the Union Bank of India brand.

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Andhra Bank

India

Founded in

20 Nov 1923 (102 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.