The city of Hapur is located in the district of the same name in the Indian state of Uttar Pradesh. It was earlier known as Haripur. The city falls under the National Capital Region and functions as the headquarters of the Hapur district. The city had been under the dominance of the French and the British. It has always been known for its several fine groves that surround the city. The economy of Hapur depends upon the cultivation and trade of sugar, grain, bamboo, cotton and timber. Brass utensils are also manufactured in Hapur and exported. The city is being rapidly developed. The Hapur-Pilkhuwa Development Region is being set up with many colleges, schools and a research institute. Housing complexes are also being constructed with large amounts of investment from famous developers such as Ansal Housing Group, Eros Group, etc. The city has an approximate population of 2.5 lakh residents. Steady and rapid urbanization will make Hapur a much-coveted place to settle in.
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.