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Andhra Pradesh Grameena Vikas Bank information


Andhra Pradesh Grameena Vikas Bank
Company typeRegional Rural Bank
IndustryBanking and Finance
Founded31 March 2006 (2006-03-31)
Headquarters
Warangal
,
India
Number of locations
772
Key people
Chairman : Shri. K Prathapa Reddy
ProductsLoans 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.
OwnerGovernment of India (50%)
State Bank of India (35%)
Government of Andhra Pradesh (15%).
Number of employees
3239
ParentMinistry of Finance , Government of India
Websitewww.apgvbank.in

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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