The Indian city of Sirsa is also a municipal council in the eponymous district in Haryana. Sirsa lies in the westernmost region of the state, bordering Punjab and Rajasthan. The history of Sirsa dates back to the time of the Mahabharata. River Sarasvati used to flow through this area at one point in time. Sirsas ancient name was Sairishaka. Many believe that the name got modified over time and eventually became "Sirsa." Another popular belief attributes the derivation of name to the abundance of the Siris (Benth) trees in the surrounding area. Sirsa is one of Indias 250 backward districts and the Backward Regions Grant Fund Programme is currently supporting the city with funds. The city has an air base of the Indian Air Force called sirsa Air Force Station.
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.