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Andhra Bank
Andhra Bank was a medium-sized public sector bank (PSB) of India, with a network of 2885 branches, 4 extension counters, 38 satellite offices and 3798 automated teller machines (ATMs) as of 31 March 2019. During 2011–12, the bank entered the states of Tripura and Himachal Pradesh. It operated in 25 states and three union territories. It had its headquarters in Hyderabad, Telangana, India. Along with Corporation Bank, Andhra Bank was merged with Union Bank of India in April 2020. The government of India owned 90.85% of its share capital as on 31 March 2019. The state owned Life Insurance Corporation held 7.80% of the shares. The bank had done a total business of and has earned a net profit of for the financial year 2015–16. History Bhogaraju Pattabhi Sitaramayya founded Andhra Bank in 1923 in Machilipatnam, Madras Presidency (present-day Andhra Pradesh). Raja Yarlagadda Sivarama Prasad was the individual who committed the financial resources for starting the insti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tripura
Tripura (, Bengali: ) is a state in Northeast India. The third-smallest state in the country, it covers ; and the seventh-least populous state with a population of 36.71 lakh ( 3.67 million). It is bordered by Assam and Mizoram to the east and by Bangladesh to the north, south and west. Tripura is divided into 8 districts and 23 sub-divisions, where Agartala is the capital and the largest city in the state. Tripura has 19 different tribal communities with a majority of the Bengali population. Bengali, English and Kokborok are the state's official languages. The area of modern Tripura — ruled for several centuries by the Manikya Dynasty — was part of the Tripuri Kingdom (also known as Hill Tippera). It became a princely state under the British Raj during its tenure, and acceded to independent India in 1947. It merged with India in 1949 and was designated as a 'Part C State' ( union territory). It became a full-fledged state of India in 1972. Tripura lies in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister Of Finance (India)
The Minister of Finance (Vitta Mantrī ) (or simply, the Finance Minister, short form FM) is the head of the Ministry of Finance of the Government of India. One of the senior offices of the Union Cabinet, the finance minister is responsible for the fiscal policy of the government. A key duty of the Finance Minister is to present the annual Union Budget in Parliament, detailing the government's plan for taxation and spending in the coming financial year. Through the Budget, the finance minister also outlines allocations to all the ministries and departments. The Minister is assisted by the Minister of State for Finance and the junior Deputy Minister of Finance. There have been a number of Ministers of Finance that went on to become the Prime Minister; Morarji Desai, Charan Singh, Vishwanath Pratap Singh and Manmohan Singh and also to serve as the President; R.Venkataraman and Pranab Mukherjee. Several Prime Ministers have also gone on to hold the position of Minister of Fin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Baroda
Bank of Baroda (BOB or BoB) is an Indian public sector bank headquartered in Vadodara, Gujarat. It is the second largest public sector bank in India after State Bank of India, with 132 million customers, a total business of US$218 billion, and a global presence of 100 overseas offices. Based on 2019 data, it is ranked 1145 on Forbes Global 2000 list. The Maharaja of Baroda, Sayajirao Gaekwad III, founded the bank on 20 July 1908 in the princely state of Baroda, in Gujarat. The Government of India nationalized the Bank of Baroda, along with 13 other major commercial banks of India, on 19 July 1969 and the bank was designated as a profit-making public sector undertaking (PSU). History In 1908, Sayajirao Gaekwad III, set up the Bank of Baroda (BoB), with other stalwarts of industry such as Sampatrao Gaekwad, Ralph Whitenack, Vithaldas Thakersey, Tulsidas Kilachand and NM Chokshi. Two years later, BoB established its first branch in Ahmedabad. The bank grew domestically ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IndiaFirst Life Insurance Company
IndiaFirst Life Insurance Company is a joint venture of India's public sector banks (Bank of Baroda (. The company has paid-up share capital of 663 crore. It was incorporated in November 2009 and is headquartered in Mumbai. It recorded more than INR 2 billion in turnover in just four and a half months since the insurance company became operational. Business model IndiaFirst Life Insurance follows the "Bancassurance" (Bank Insurance Model) which uses the existing customer base of the promoter banks. As of June 2021, the company has more than 3100 employees. Financials The company ended FY20 with INR 3,360 crore worth of total premiums collected and AUM of Rs 14,723 crore. The company has had a CAGR of 40% in the last five years in Individual New Business APE, as compared to Life Insurance Industry growth of 12% CAGR during the same period. The life insurance company has reported a 25% growth in individual New Business (NB) Annual Premium Equivalent (APE) in Financial Year (FY ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vijayawada
Vijayawada, formerly known as Bezawada, is the second largest city in the Indian state of Andhra Pradesh and is a part of the state's Capital Region. It is the administrative headquarters of the NTR district. Its metropolitan region comprises NTR and parts of Krishna and Guntur districts.Vijayawada lies on the banks of Krishna river surrounded by the hills of Eastern Ghats, known as Indrakeeladri Hills. It geographically lies on the center spot of Andhra Pradesh. The city has been described as the commercial, political, cultural and educational capital of Andhra Pradesh It is the second largest city in Andhra Pradesh with a population of 17,23,000 in 2021, estimated population of 19,91,189 in the Vijayawada Metropolitan Area. It is one of the fastest growing urban areas in India and among the top 10 fastest growing cities in the world according to Oxford Economics report. Vijayawada is considered to be a sacred place for residing one of the most visited and famous temples ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yarlagadda Sivarama Prasad
Yarlagadda Sivarama Prasad (3 April 1903 - 1976), also known as Challapalli Raja, was an Indian aristocrat, industrialist, politician, film producer, and film studio owner. He was the last hereditary zamindar of the Challapalli Samasthanam (estate)''.'' In politics, Sivarama Prasad was affiliated with the Indian National Congress. He served as the Minister of Health for Andhra Pradesh during the 1960s and was elected as an MLA from Krishna District. He established the Andhra Scientific Company. It manufactured precise scientific instruments and was later acquired by Bharat Electronics in 1982. He also financed new sugar mills and factories in Vuyyuru and in Rayagada, Orissa. Sivarama Prasad financed Pattabhi Sitaramayya's Andhra Bank. He set up the production company Sarathi Films in 1938, which produced successful films like '' Mayalokam'' (1945) and '' Rojulu Marayi'' (1955). He also established the film studio complex Sarathi Studios in Hyderabad in 1956. It was the first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andhra Pradesh
Andhra Pradesh (, abbr. AP) is a state in the south-eastern coastal region of India. It is the seventh-largest state by area covering an area of and tenth-most populous state with 49,386,799 inhabitants. It is bordered by Telangana to the north-west, Chhattisgarh to the north, Odisha to the north-east, Tamil Nadu to the south, Karnataka to the west and the Bay of Bengal to the east. It has the second longest coastline in India after Gujarat, of about . Andhra State was the first state to be formed on a linguistic basis in India on 1 October 1953. On 1 November 1956, Andhra State was merged with the Telugu-speaking areas (ten districts) of the Hyderabad State to form United Andhra Pradesh. ln 2014 these merged areas of Hyderabad State are bifurcated from United Andhra Pradesh to form new state Telangana . Present form of Andhra similar to Andhra state.but some mandalas like Bhadrachalam still with Telangana. Visakhapatnam, Guntur, Kurnool is People Capital of And ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Madras Presidency
The Madras Presidency, or the Presidency of Fort St. George, also known as Madras Province, was an administrative subdivision (presidency) of British India. At its greatest extent, the presidency included most of southern India, including the whole of the Indian states of Tamil Nadu, Andhra state and some parts of Kerala, Karnataka, Odisha and the union territory of Lakshadweep. The city of Madras was the winter capital of the Presidency and Ootacamund or Ooty, the summer capital. The coastal regions and northern part of Island of Ceylon at that time was a part of Madras Presidency from 1793 to 1798 when it was created a Crown colony. Madras Presidency was neighboured by the Kingdom of Mysore on the northwest, Kingdom of Cochin on the southwest, and the Kingdom of Hyderabad on the north. Some parts of the presidency were also flanked by Bombay Presidency ( Konkan) and Central Provinces and Berar ( Madhya Pradesh). In 1639, the English East India Company purchased the v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Machilipatnam
Machilipatnam (), also known as Masulipatnam and Bandar, is a city in Krishna district of the Indian state of Andhra Pradesh. It is a municipal corporation and the administrative headquarters of Krishna district. It is also the mandal headquarters of Machilipatnam mandal in Machilipatnam revenue division of the district. The ancient port town served as the settlement of European traders from the 16th century, and it was a major trading port for the Portuguese, British, Dutch and French in the 17th century. Etymology During the 17th century, it was known by the names ''Masulipatnam'' and ''Masulipatam'', in local Telugu language, 'Masuli'/'Machili' means fish and 'Patnam' means city. ''Masula'' and ''Bandar'' (Bandar translates to 'port' in Persian language). The port town in the ancient times was also referred with the name ''Maesolia''. History The town has existed since at least the 3rd century BCE (Satavahana period) when, according to Ptolemy, it was known as Maisol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Life Insurance Corporation
Life Insurance Corporation of India (LIC) is an Indian central public sector undertaking headquartered in Mumbai, Maharashtra, India. It is under the ownership of Ministry of Finance, Government of India. The Life Insurance Corporation of India was established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act, nationalizing the insurance industry in India. Over 245 insurance companies and provident societies were merged together.https://www.licindia.in/getattachment/Bottom-Links/annual-report/LIC-Annual-Report-2015-16.pdf.aspx LIC reported 290 million policyholders as of 2019, a total life fund of ₹28.3 trillion and a total value of sold policies in the year 2018–19 of ₹21.4 million. The company also reported to have settled 26 million claims in 2018–19. It ranked 98th on the 2022 Fortune Global 500 list with a revenue of and a profit of . History Founding organisations The Oriental Life Insurance Company, the first compan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
