sultan Pur Majra is located in the North West district of Delhi. It is a census town and an integral part of the National Capital Region of India or NCR. This city has more than 1.6 lakh people who mostly speak in Hindi and English. The residents of this town mostly work in various service sectors of the NCR region. Sultan Pur Majra is being rapidly developed into a residential city. Modern amenities such as educational institutes, entertainment facilities, recreational facilities, shopping centers are being gradually set up in the area to offer a comfortable lifestyle to the people. Sultan Pur Majra is very well connected to the capital city of Delhi via road and Delhi metro.
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.