The city of Arrah, situated in the Indian state of Bihar, is also a municipal corporation and the district headquarter of the Bhojpur district. The city has derived its name from the famous temple of Goddess Aaranya. Arrah lies near the confluence of the Ganges and Sone rivers. The name of the city is often transliterated as Ara. The economy of the city relies on farming and cultivation. The rich and fertile soil facilitates the cultivation of rice and wheat. Apart from these chief crops, other crops such as sugarcane, guava, mango, tomato and potato considerably contribute to the citys agrarian economy. Apart from the agro-based industries, the city also has an LPG Bottling Plant and it provides much space and scope for the development of other industries. The service sector in Arrah is also quite thriving and provides employment opportunity to many residents in construction work, automobile services as well as in the hospitality and commercial sectors. The city is a hub of appeal for Jainism as it has several old temples and hermitages. Other popular places of tourist attraction include the Sun Temple at Dev, Aranya Devi Temple, Veer Kunwar Singh Kila, Shahi Masjid, Karbala the Mosque, Chaturvuj Narayan Mandir, Mahamaya Mandir, Bhavani Mandir, Parswanath Mandir, Mahathin Mai Mandir, etc.
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.