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)and 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:
We are having Eleven Controlling Offices at Kothagudem, Khammam, Nalgonda, Warangal, Ashoknagar, Mahabubnagar, and Sangareddy in Telangana & at Srikakulam, Vizianagaram, Visakhapatnam and Parvathipuram in Andhra Pradesh.
Andhra Pradesh Grameena Vikas Bank (APGVB) with 772 Branches & 1526 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.