Chairman Message :

Dear Sir / Madam,

Greetings and Welcome to Andhra Pradesh Grameena Vikas Bank Website.

Into The Second Decade

The Bank, on successful completion of a decade with performance par excellence, has entered into the 2^nd decade of its formation.  The second decade has witnessed phenomenal growth in business and working results.  Our Bank registered a business volume of Rs. 28650.33 Crore as on 31.3.18 and posted a net profit of Rs. 351.99 Crores and Rs. Rs 503.01 Cr as on 31.3.2017 and 31.3.2018 respectively.   Our Bank’s performance in respect of profitability for the last two consecutive years, has been the unprecedented in the history of RRBs. 

We, with the esteemed support of around 1 crore customers across the states of Andhra Pradesh and Telangana, aim high during the ensuing years.

Network

The Bank has a total of 768 branches, covering almost all the unbanked areas in the operating districts of Andhra Pradesh and Telangana, besides having 1867 Business Correspondents (Bank Mitras) extending banking services in 4444 unbanked villages.  You can find the details of branches with contact numbers in Our Branches segment of this site.

Apart from serving through established branches, we have a very strong force of Business Correspondents, the Bank Mithras, to cater the needs of our customers at their doorsteps, with all modern technological assistance in the form of AEPS in the nook and corner villages (Bank Mitra)..

Ownership of our Bank

Our Bank, the APGVB is a Government Schedule Bank with Share capital contributions from The Government of India, being the owner of our Bank with 50% Share Capital followed by State Bank of India (Our Sponsor Bank and one of the biggest banks in the Globe) with 35% and State Government with 15%, established under an Act of Parliament i.e., Regional Rural Banks Act 1976.   Our Share Capital is Rs 94.08 Crore.  The goals and objectives of our Bank are mandated by Government of India. 

Services Offered

While the Bank has been offering the traditional Deposit Products, like Savings Bank Account, Current Account, Fixed Deposits, Recurring Deposits etc., we also provide  “NRI Banking Services” and offer NRE/NRO Deposit Accounts. The details are available at our website.

We have a comparatively higher interest rate structure on deposits, vis-à-vis, other commercial bank. The rates are updated in the INTEREST RATE section of this site from time to time.

Though, by constitution, we are a Regional Rural Bank, we take up all sorts of finance apart from traditional finance to Agriculture and Allied Agriculture activities. We offer loans under Housing Loans segments, MSME (Micro, Small & Medium enterprises) Asset Backed Mortgage Loans, Educational Loans (Both in India and Abroad), Loans against pledge of gold ornaments, Personal Loans to employees of public/ private sector, Vehicle Loans etc. The various Loan Products offered by us are available in this site. The rates of interest charged are also competitive.

Technology adoption

The Bank is in the forefront in adoption of technology for providing seamless banking services. All the 768 branches of the bank are on Core Banking Solutions (CBS) platform. A number of technology products have been rolled out by the bank for extending convenience banking on the go. 

• NEFT/RTGS: All the branches of the bank provide electronic funds transfer facility, NEFT/RTGS.
• ATM Facility: RuPay debit cards issued by the bank provide banking services on all ATMs installed across India.
• POS: RuPay debit cards can be used at all Point of Sale (POS) machines, pan India, at merchant establishments accepting RuPay cards for purchase of merchandise.
• E-Commerce : RuPay Debit cards can be used for carrying out transaction on e-commerce site accepting RuPay Debit cards.
• Immediate Payment Systems (IMPS): Receiving of Inward remittances & remitting of funds to other banks through IMPS mode of fund remittances is available.
• Mobile Banking Services: The mobile app is a bilingual and user friendly product providing banking services on the move.
• Internet Banking : Is another product which provides track of all banking operations carried out at a convenient time and place. 
• Missed Called Banking:  Dialling the number 9289222024 from the registered mobile number provides the account balances in real time. 
• UPI:Immediate funds transfer round the clock(24/7), 365 days a year.  
• *99#:Immediate funds transfer round the clock(24/7), 365 days a year on any mobile device.  

Technology is leveraged to provide banking services in 4444 unbanked villages.  1867 Bank Mitra’s equipped with latest technology biometric enabled Micro ATMs provide last mile banking services in their area of operation. All the financial transactions carried out at Bank Mitras are in real time environment.  The banking operations enabled at a Bank Mitras are:

• Ruapy Card Operation: RuPay Debit card operations can be carried out on the Micro ATM
• Aadhaar Enabled Payment Services (AEPS): AEPS operations are enabled at all Bank Mitras.
• Aadhaar Seeding facility:  Aadhaar seeding facility to the accounts is available.

Business Growth

With the continued support and patronage from our valuable customers, our Bank has made good strides in business growth – Our business growth means vibrating rural economy with our services.

The Bank’s business as of 31.03.2018 has reached to Rs. 28650.33 Crore and leaping forward. The deposits of the Bank stood at Rs. 14333.63 Crores and we have also extended loans and advances of Rs. 14316.70 Crores along with the low percentage of the gross non-performing assets as 1.36%, a handsome CRAR of 15.59 %, ROA of 2.24%, NIM 4.15% and the sound net worth position of the bank at Rs. Rs.2252.82 Cr speak about the quality business of the bank.

The thrust areas for the current financial year 2018-19

a)    The Bank is aiming at:

1. A business growth of 20% and a Net Profit of Rs.600 Crores.

2. Increasing the CASA to 45%

b)    Special emphasis will be on improving Investment Credit in Agriculture, Housing loans and MSME loan portfolios.

c)    We continue to focus on recovery of loans and create awareness among farmers about prompt repayment and their entitlement to get incentives in interest.

d)    Special emphasis on reaching out to all households in rural and semi urban areas by opening BSBD accounts, SB Accounts and providing Social Security Schemes such as PMSBY, PMJJY, APY and enable them to get all benefits.

Awards

The following award won by the bank during FY 2017-18 are the recognition by the Government and other rating agencies; 

• ASSOCHAM:

a)    Winner in Best Agricultural Bank category and Runner up in best Social Bank category across India from ASSOCHAM.

b)    5th SMEs excellence award 2017 for “Micro Lending (Rural Sector)” by ASSOCHAM.

• Received National Award for Best Performance in SHG Linkages 2017-18 (NRLM – National Rural Livelihood Mission) from Ministry of Rural Development on 11.5.2017
• NABARD:  Honourable Finance Minister Shri Arun Jaitly presented an Award for best performance in SHG Financing on the occasion of NABARD’s 36th foundation day in New Delhi and Silver Jubilee of SHG-Banking Linkage.
• GOI : Award received from Government of India for Best performance in “SHG bank linkage” 2016-17
• PFRDA:  Makers of Excellence Award for Best performance in Atal Pension Yojana ( APY )
• SKOCH - Our Bank has bagged the Skoch Order of Merit Award under Business Leadership category.

Acknowledgment

You are welcome to our Toll Free Number 18001210354 for further enquiries. We have a separate Toll Free Number 18004252274 for enquiries with regard to Banking Correspondents/ Bank Mithras users.

I thank you very much for visiting our website and hope you shall enter into a business relationship with us. I am also confident that the facts and figures of the bank would make you recommend the site to your friends and relatives.

Yours sincerely,

Chairman