Union Finance Minister Nirmala Sitharaman, Chief Minister N. Chandrababu Naidu, Deputy Chief Minister K. Pawan Kalyan and Minister for Education, IT and Electronics Nara Lokesh will on Friday lay the foundation stones for the headquarters of 15 banks at the APCRDA office in Amaravati. As part of the state’s plan to develop Amaravati into a major financial and economic hub, the APCRDA has allotted land to Andhra Pradesh Grameena Bank, Central Bank of India, APCOB, Bank of India, Canara Bank, State Bank of India, Union Bank of India, Bank of Baroda, Indian Bank, NABARD, Punjab National Bank, Indian Overseas Bank, IDBI Bank, the Life Insurance Corporation of India and the New India Assurance Company Limited. These headquarters will be established across Uddandarayunipalem, Velagapudi, Rayapudi and Lingayapalem, forming the core of Amaravati’s proposed financial district.
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