Andhra Pradesh Grameena Vikas Bank (APGVB), a Regional Rural Bank (RRB) established in the year 2006 under an act of Parliament by amalgamating
Manjeera Grameena Bank(Medak)...
Sangameshwara Grameena Bank(Mahabubnagar).
Kakatiya Grameena Bank(Warangal)
Nagarjuna Grameena Bank(Khammam & Nalgonda)
Sri Visakha Grameena Bank (Visakhapatnam,Vizianagaram & Srikakulam)
with Head Office at Hanamkonda, Warangal (Urban District) sponsored by State Bank of India is operating in 21 districts of Telangana State and 3 districts of Andhra Pradesh.
The Regional Rural Banks were owned by the Central Government, the State Government and the Sponsor Bank (APGVB sponsored by State Bank of India) who held shares in the ratios as follows:
Central Government – 50%
State Government – 15%
Sponsor Bank – 35%
We are having Fourteen Controlling Offices at
Andhra Pradesh Grameena Vikas Bank (APGVB) with 771 Branches & 2804 Bank Mitra Points across 2 states is one of the leading Banks in serving rural folks in Telangana State. Of the total Branches, 500 Branches i.e., 64% are in rural areas, which signify the commitment of Bank towards rural areas.