Samiksha Jaiswal

Andhra Pradesh Grameena Vikas Bank

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Industry  Regional Rural Bank
Founded  31 March 2006
Motto  We are With You
Number of employees  2,761
Website  www.apgvbank.in
Headquarters  Warangal
Parent organization  State Bank of India
Andhra Pradesh Grameena Vikas Bank httpsassets2affairscloudcomassetsuploads20
Type  Regional Rural Bank, sponsored by SBI
Key people  Chairman : Shri. V.Narasi Reddy
Products  Loans to Agricultural, Small Business & Services, Housing, Personal, Education and Banking Services like Insurance, NEFT, RTGS, Safe Deposit Lockers
Owner  Government of India; State Bank of India; Government of Andhra Pradesh.

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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.

Contents

The Bank is headquartered at Warangal, Telangana Telangana state.

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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%

    References

    Andhra Pradesh Grameena Vikas Bank Wikipedia


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