Andhra Pradesh Grameena Vikas Bank Explained

Andhra Pradesh Grameena Vikas Bank
Type:Regional Rural Bank
Key People:Chairman : Shri. K Prathapa Reddy
Industry:Banking and Finance
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%).
Num Employees:3239
Parent:Ministry of Finance, Government of India
Location City:Warangal
Location Country:India
Locations:772

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.

Amalgamated Five Regional Rural Banks

Districts Covered

IN TELANGANA STATE

IN ANDHRA PRADESH STATE

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