Andhra Bank to raise Rs 800 cr

Andhra Bank to raise Rs 800 cr

State-owned Andhra Bank will raise Rs 800 crore in the next financial year to fund growth plans.

“We are planning to raise (funds) through QIP (Qualified Institutional Placements) or from Government of India. We require about Rs 800 crore..,” Andhra Bank Chairman and Managing Director C VR Rajendran told reporters here.

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