ANDHRA BANK - Updates

Pursuant to SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, We would like to inform that we have received a communication from Government of India vide its letter No. F.No.F/38/2014-BOA dated March 16,2017 informing, inter alia, that Andhra Bank has been identified for capital allocation for the Financial Year 2017 as a part of turnaround linked infusion plan. The indicative allocation of capital is Rs.1100 Crore to the Bank. The matter will be put up to our Board of Directors for consideration.