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 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.
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| Type | Regional Rural Bank, sponsored by SBI |
|---|---|
| Industry | Regional Rural Bank |
| Founded | 31 March 2006 |
| Headquarters | , |
Number of locations | 755 |
Key people | Chairman : Shri. K. Praveen kumar |
| 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 | 2761 |
| Parent | Government of India |
| Website | www |
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%
Andhra Pradesh Grameena Vikas Bank has its branches in Andhra Pradesh and Telangana
See also
References
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