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ANDHRA BANK - Updates
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01 Apr 2017
Further to our letter no. 666/25/P.181/541 dated March 27, 2017, we wish to inform that the Government of India has remitted Rs 1100 crore on March 31, 2017 towards contribution of Government of India in the preferential allotment of equity shares of the Bank. The amount will remain in Share Application money till compliance of certain terms.
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