Panihati is a developing city in the North 24 Parganas district of the Indian state of West Bengal. It is a part of Kolkata Urban Agglomeration with more than 3 lakh residents. Panihati municipality is a part of the Kolkata Metropolitan Area Development Area or KMDA. There are prestigious educational institutions such as the St. Xaviers Institution, the Narula Institute of Technology, Guru Nanak Institute of Technology, etc. in the vicinity of the city. The small city is well connected via railways with two important railway stations - Agarpara and Sodepur in the vicinity. The place is known for hosting many industries. The Bengal Chemicals and Pharmaceuticals at Panihati is a leading manufacturer of medicines. The Bengal Waterproof Works Private Ltd. is popular for their brand Duckback. The Texmaco Rail and Engineering Ltd. has five manufacturing units in and around Panihati. The residents are either employed in these industries or they travel to the various service sectors of the KMDA region for work.
The Andhra bank was registered on 20 November 1923 and began business on 28 November 1923. In 1956, the idea of linguistic division of States was promoted, and consequently, Hyderabad became the capital of Andhra Pradesh. Subsequently, the registered office of the bank was moved to Andhra Bank Buildings, Sultan Bazar, Hyderabad. In April 1980, the Andhra Bank became a wholly owned Government bank after getting nationalized in the second wave of nationalization of commercial banks. The bank joined with Bharat Lakshmi Bank and further strengthened its position in Andhra Pradesh in 1964. IndiaFirst Company is a merger between two of the public sector banks of India ? Bank of Baroda (44%) and Andhra Bank (30%), along with 26 % share of UKs financial and investment company Legal & General. It was established in November 2009 and has its base in Mumba. It is the first life insurance company to be sent for ISO certification within seven months of its incorporation. The internet banking was introduced by the Andhra Bank to enable its customers to avail railway ticket booking facility online through the separate gateway. The bank had received the best banking technology award by IDRBT, Hyderabad for maximum use of IT in the semi-urban and rural areas.