Andhra Pradesh Grameena Vikas Bank

Andhra Pradesh Grameena Vikas Bank is a regional rural bank in India. It was established in 2006 as a Scheduled Commercial 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.

   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

The Bank is headquartered at Warangal, Telangana Telangana state.

Districts Covered

   Mahabubnagar (Population: 35.09 Lakhs)
   Nalgonda (Population: 32.43 Lakhs)
   Medak (Population: 26.70 Lakhs
   Warangal (Population: 32.46 Lakhs)
   Khammam (Population: 25.65 Lakhs)
   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/cms.php?id=48

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