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 upliftment and development of Rural Farm Sector and Rural Non-Farm Sector, with emphasis on the deprived, the Rural Poor, Rural ISB and Rural Crafts. It is under the ownership of Ministry of Finance , Government of India.

Andhra Pradesh Grameena Vikas Bank
Company typeRegional Rural Bank
IndustryBanking and Finance
Founded31 March 2006 (2006-03-31)
Headquarters,
Number of locations
772
Key people
Chairman : Shri. K Prathapa Reddy
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
3239
ParentMinistry of Finance , Government of India
Websitewww.apgvbank.in

Amalgamated Five Regional Rural Banks edit

  • 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 edit

IN TELANGANA STATE

  • Bhadradri Kothagudem
  • Bhongir
  • Bhupalapalli(Jaishanker)
  • Gadwal Jogulamaba
  • Jangaon
  • Khammam
  • Mahabubabad
  • Mahabubnagar
  • Medak
  • Nagarkurnool
  • Nalgonda
  • Rangareddy
  • Sangareddy
  • Siddipet
  • Suryapet
  • Vikarabad
  • Wanaparthy
  • Warangal Rural
  • Warangal Urban
  • Yadadri Bhuvanagiri

IN ANDHRA PRADESH STATE

  • Alluri Sitharama Raju
  • Anakapalle
  • Parvathipuram Manyam
  • Srikakulam
  • Visakhapatnam
  • Vizianagaram

Ownership edit

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 edit

References edit