Andhra Bank is a medium-sized public sector bank . Andhra Bank was founded in 1923 by the eminent freedom fighter Dr. Bhogaraju Pattabhi Sitaramayya. The vision of the bank is to become a significant player, providing full range of banking services through innovative customer centric products and to maximize stake holders’ value. Currently it has around 1800 branches across the globe and has nearly 17000 employees. The Government of India owns 51.55% of its share capital and is going to increase it to 58%.The state owned Life Insurance Corporation of India holds 10% of the shares. Andra Bank was ranked 532nd for the year ended 2007 amongst Top 1000 Banks in the world by "The Banker" - a London based publication.