Aurangabad is a historically and culturally important city in the state of Maharashtra. It houses one of the Worlds Heritage Sites, Ajanta and Ellora Caves, which makes the tourists swarm in to this city at any time of the year. Aurangabad has various cultural lineage linked to it. It was found in 1610 by Mughal Emperor Aurangzeb and the city was named after him. Lately, the city is heading towards a rapid industrial growth but the most exciting thing about the city is that its culture, heritage and traditions still remain intact. Beautifully situated near the elevated Deccan Plateau, it has beautiful locations to explore and a mix of cultural heritage to offer to its visitors. The city was found by Aurangzeb in 1610 but it wasnt as relevant in the medieval period. The city gained importance in the entire country after it was turned into the capital of the entire Mughal Empire from 1653 to 1707. After the death of Aurangzeb, the glory of the city was faded. Aurangabad has facsinating monuments like Bibi-qa-Maqbara, Taj Mahal Replica and the famous Buddhist caves.
The Andhra Bank had been nationalized in April 1980. It narrowly escaped nationalization in 1969, when all the banks were having deposits of 50 crores and above were nationalized. It was the number one bank among private sector banks from 1969 to 1980. In 1980, more banks with deposits of 200 crores were nationalized. Andhra Bank has its head office in Hyderabad, Telangana, India. C V R Rajendran, chairman and managing director of Andhra Bank was appointed by the finance ministry, earlier worked as executive director at Bank of Maharashtra. The Andhra Bank was the prominent bank in introducing credit cards in India. Also, it is the first bank to issue travelers cheques in Foreign Currency and to launch insurance linked deposit schemes. Though it used to have most of its branches in Andhra earlier, now it has spread itself all across the country. Bhogaraju Pattabhi Sitaramayya founded Andhra Bank in 1923 in Machlipatnam, Andhra Pradesh. Two of Indias public sector banks ? Bank of Baroda (44%) and Andhra Bank (30%), and UKs financial and investment company (26%) established IndiaFirst Life Insurance Company as a joint venture in November 2009.