Bokaro, or Bokaro Steel City, is a highly planned city located in the Indian state of Jharkhand. It functions as the administrative headquarters of the Bokaro district. It is one of the largest and most populous cities in Jharkhand. Bokaro was one of the earliest planned cities in the eastern part of India. The whole city is meticulously planned and organized into sectors with avenues, residential and commercial areas. Each sector is equipped with shopping complexes, schools, playgrounds, health centers and recreational facilities. The city has developed around the eponymous Bokaro Steel Plant which is an integrated public sector steel plant that was built with the help from the Soviet Government. It has now been merged with Indian Governments Steel Authority of India Limited or SAIL. The residents of this city are mostly employed in the Bokaro Steel Plant.
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.