Andhra Pradesh Grameena Vikas Bank
 | |
| Type | Regional Rural Bank |
|---|---|
| Industry | Banking and Finance |
| Founded | 31 March 2006 |
| Headquarters | Warangal , India |
Number of locations | 772 |
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 | 3239 |
| Parent | Ministry of Finance , Government of India |
| Website | www |
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.It is under the ownership of Ministry of Finance , Government of India.
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)
- Wanaparthy
- Nagarkurnool
- Narayanpet
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[]
- Banking in India
- List of banks in India
- Reserve Bank of India
- Regional Rural Bank
- Indian Financial System Code
- List of largest banks
- List of companies of India
- Make in India
References[]
- Banks established in 2006
- Regional rural banks of India
- Companies based in Andhra Pradesh
- Economy of Telangana
- 2006 establishments in Andhra Pradesh