Coimbatore is situated in the south Indian state of Tamil Nadu. It is the second largest city in the state, after Chennai. Coimbatore is one of the largest producers of cotton and it is famous for its textile industry. The city has played an essential role in the Indian independence and has gained popularity after independence. It has witnessed industrial growth in the last few decades concerning the textile industry, information technology, commerce, education and healthcare. It is known as the manufacturing hub of Tamil Nadu. The city is surrounded by the Western Ghats in the West and the North. The Nilgiri Biosphere Reserve is on the northern side of the city. The citys urban wetlands are home to around 116 species of resident and migratory birds. Many exotic birds such as the spot-billed pelican, painted stork, ibis and black-winged stilt visit the area on their migration route. Coimbatore has a lot of entrepreneurial ventures. Although a diverse and cosmopolitan city, Coimbatore has a refined taste for art and culture. It conducts its own music, art and dance festivals every year around September and December, during the Margazhi month of the Tamil calendar. Coimbatore serves as an educational hub for South India. The Coimbatore district hosts seven universities apart from many engineering, medical and polytechnic colleges. There are more than 150 Arts and Science Colleges in the city besides a large number of schools.
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.