Andhra Pradesh Grameena Vikas Bank

Andhra Pradesh Grameena Vikas Bank is an Indian regional rural bank headquartered in Warangal, 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.

ANDHRA PRADESH GRAMEENA VIKAS BANK
Regional Rural Bank, sponsored by SBI
IndustryRegional Rural Bank
Founded31 March 2006 (2006-03-31)
Headquarters
Warangal
,
India
Number of locations
755
Key people
Chairman : Shri. K. Praveen kumar
ProductsLoans to Agricultural, Small Business & Services, Housing, Personal, Education and Banking Services like Mobile Banking, Internet Banking,Insurance, NEFT, RTGS, IMPS, Safe Deposit Lockers, ATM services. Deposit products with attractive interest rates.
OwnerGovernment of India (50%)
State Bank of India (35%)
Government of Andhra Pradesh (15%).
Number of employees
2761
ParentSBI
Websitewww.apgvbank.in

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

See also

References
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