Andhra Pradesh Grameena Vikas Bank

ANDHRA PRADESH GRAMEENA VIKAS BANK

Type	Regional Rural Bank, sponsored by SBI
Industry	Regional Rural Bank
Founded	31 March 2006 (2006-03-31)
Headquarters	Warangal, India
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.
Number of employees	2761
Parent	SBI
Website	www.apgvbank.in

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%

References

http://www.apgvbank.in/

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