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.
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| Company type | Regional Rural Bank |
|---|---|
| Industry | Banking and Finance |
| Founded | 31 March 2006 |
| Headquarters | , |
Number of locations | 772 |
Key people | Chairman : Shri. K Prathapa Reddy |
| Products | Loans 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. |
| Owner | Government of India (50%) State Bank of India (35%) Government of Andhra Pradesh (15%). |
Number of employees | 3239 |
| Parent | Ministry of Finance, Government of India |
| Website | www |
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
editIN 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
editGovernment 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
