Government of India(50%) Canara Bank (35%) Government of Andhra Pradesh (15%)
Parent
Ministry of Finance , Government of India
Website
www.apgb.in
Andhra Pragathi Grameena 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 to provide banking facilities in Ananthapuram, Kadapa, Kurnool, Nellore and Prakasam districts of Andhra Pradesh.
It is under the ownership of Ministry of Finance, Government of India
The Government of India has amalgamated three rural banks namely Sri Anantha Grameena Bank, Pinakini Grameena Bank and Rayalaseema Grameena Bank to form Andhra Pragathi Grameena Bank.
The bank caters to the financial needs of the rural poor in one of the most backward regions of Andhra Pradesh state.[2]
The Bank is headquartered at Kadapa[3] and presently its area of operation is extended to 5 districts of Andhra Pradesh state.[2]
In 2010 the bank received the "best bank" award from Andhra Pradesh Chief Minister Konijeti Rosaiah.[4]
^"Kadapa: LIC capable of meeting any challenge, says APGB chief". thehansindia.com. 2 September 2021. Retrieved 12 October 2021.
^ ab"APGB".
^"Andhra Pragathi Grammena Bank expands; to recruit 350 staff". deccanchronicle.com. 14 October 2017. Retrieved 12 October 2021.
^"AP Grameena Bank top among RRBs in net profit". The Hindu. 1 May 2010. Archived from the original on 7 May 2010. Retrieved 13 October 2012.
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