Mango is a suburb of Jamshedpur. The Subarnarekha River separates Mango from Jamshedpur and the two are connected via three parallel bridges. It is a huge region that is rapidly growing into a residential area. The region was once a little backward town but is now a thriving suburb and real estate hotbed. Although Mango is a part of the main city Jamshedpur, it has been given the status of a city by the government. It is a notified area that is run by a notified area committee known as the Mango Notified Area Committee. The state-run electricity board, JSEB, provides the electricity services to Mango. The doesnt yet have any household water delivery system at the moment. The city has recently made a deal with JUSCO who will provide tap water services to the area. Mango is primarily a residential area. It is now witnessing an immense real estate boom as many developers are building residential colonies in the area. There are two hospitals at Mango to assist the residents during medical emergencies. The MGM Hospital has a medical college associated with it. A few colleges have also been set up in the region. The city is undergoing rapid and vast development. The city has around 3 lakh residents who are mostly employed in the various industrial and service sectors in the adjoining Jamshedpur 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.