Asansol, a city in the Burdwan district of the Indian state of West Bengal, is the states second largest city in terms of area and population. It is a Tier-II city which rapidly developing. The city has derived its name from two words - "Asan" refers to a 30 meters tall found near River Damodar and "Sol" refers to land. Thus, these two words combine to form the name of this city which is incredibly rich in minerals. This cosmopolitan city is located on the lower Chota Nagpur Plateau and it shares the border with the Dhanbad district in the adjoining state of Jharkhand. The economy of this city is principally dependent on its steel and coal industries. The IISCO or Indian Iron and Steel Company Ltd steel-making plant at Kulti in Asansol was the first of such facility in India and is undergoing major renovations to come back with doubled production rate. Eastern Coalfields has a significant presence in the Asansol due to the enormous deposits of high-quality coal in and around the city. The railway is a big contributor to Asansols economy as many residents are employed in the Chittaranjan Locomotive Works which is one of the worlds largest locomotive manufacturers.
The Andhra Bank was established by the great freedom fighter, Dr. Bhogaraju Pattabhi. On 20th November 1923, It was registered and started its operations from 28th November with a paid-up capital of one lakh rupees. The logo of the Andhra Bank indicates the togetherness. The symbol of infinity states that the bank which is prepared to go to any lengths to serve its customers. The blue pointer on the top of the infinity symbol indicates that the bank has the philosophy of looking for newer growth and directions as and whenever required. The keyholes depict the safety and security of the customer, and the chain represents the bond of togetherness. The red and blue color shows the dynamism and solidity. The Andhra Bank has its representative office in the United Arab Emirates and the United States of America. The Andhra Bank has a network of 2911 branches globally across Andhra Pradesh, Telangana, and Odisha in India. The vision of the Andhra Bank is to provide a full range of banking services through customer-focused products and to maximize the value of its stakeholders.