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Andhra Pradesh Grameena Vikas Bank

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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

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.

Amalgamated Five Regional Rural Banks

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  • 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

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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

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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

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References

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