Dhanbad is second largest and the most populous city in the east Indian state of Jharkhand. It is popularly known by the name ?The Coal Capital of India?. Looking into the etymology, the name Dhanbad is believed to have been derived from the words "Dhan" which means wealth and Abad which means prosperity. When the words are put together, it means "prospered with wealth" for being a mineral-rich region. Another alternate explanation attributes the name of the city to its rich paddy fields as "Dhaan" in the local language means paddy. Both of these explanations make equal sense because the city is indeed quite rich in minerals and it also has the largest rice producing farms in Jharkhand. The chief economic source of the city is mining and some of the largest mining production units are situated in Dhanbad. Companies like Tata Steel, Eastern Coalfields Limited (ECL), Bharat Coking Coal Limited (BCCL), and Indian Iron And Steel Company operate in Dhanbad. Dhanbad Rail Division generates a lot of revenue and ranks second after the Mumbai division. Dhanbad has many reputed educational institutions such as the Indian School of Mines, IIT Dhanbad, Patliputra Medical College and Hospital, Central Institute of Mining and Fuel Research, etc. Places like Maithan Dam, Panchet Dam, Bhatinda Falls, Shakti Mandir and Topchanchi Wildlife Sanctuary serve as major tourist hubs in this city.
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.