Andhra Pradesh Grameena Vikas Bank

ANDHRA PRADESH GRAMEENA VIKAS BANK
Regional Rural Bank, sponsored by SBI
Industry Regional Rural Bank
Founded 31 March 2006 (2006-03-31)
Headquarters Warangal, India
Number of locations
 755
Key people
 Chairman : Shri. V.Narasi Reddy
Products Loans to Agricultural, Small Business & Services, Housing, Personal, Education and Banking Services like Mobile Banking, Internet Banking,Insurance, NEFT, RTGS, Safe Deposit Lockers, ATM services. Deposit products with attractive interest rates.
Owner Government of India; State Bank of India; Government of Andhra Pradesh.
Number of employees
 2761
Parent SBI
Website www.apgvbank.in
V Narsi Reddy Garu, Chairman.
Chairman Shri. V Narsi Reddy Garu.

Andhra Pradesh Grameena Vikas Bank is a regional rural bank in India. It was established in 2006 as a Regional Rural Bank as per Regional Rural Banks Act of 1976. By amalgamation, on 31 March 2006, of the following 5 banks, sponsored by SBI, to participate more energetically, with synergy, in the uplift and development of Rural Farm Sector and Rural Non-Farm Sector, with emphasis on the deprived, the Rural Poor, Rural ISB and Rural Crafts.

The Bank is headquartered at Warangal, Telangana Telangana state.

Amalgamated Five Regional Rural Banks

  • Sri Visakha Grameena Bank (Established on 30-09-1976)
  • Nagarjuna Grameena Bank (Established on 30-04-1976)
  • Sangameswara Grameena Bank (Established on 31-03-1982)
  • Manjira Grameena Bank (Established on 31-03-1982)
  • Kakathiya Grameena Bank (Established on 28-06-1982)

Districts Covered

IN TELANGANA STATE

  • Khammam (Population: 25.65 Lakhs)
  • Mahabubnagar (Population: 35.09 Lakhs)
  • Medak (Population: 26.70 Lakhs
  • Nalgonda (Population: 32.43 Lakhs)
  • Warangal (Population: 32.46 Lakhs)

IN ANDHRA PRADESH STATE

  • Visakhapatnam (Population: 38.32 Lakhs)
  • Vizianagaram (Population: 22.45 Lakhs)
  • Srikakulam (Population: 25.38 Lakhs)

Ownership

Government of India :50% Government of Andhra Pradesh :15% State Bank of India :35%

Andhra Pradesh Grameena Vikas Bank has its branches in Andhra Pradesh and Telangana

References

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