Know Your Bank

Formation

By amalgamation, on the 31st March 2006, of the following 5 banks, sponsored by SBI, to participate more energetically, with synergy, in the uplift and development of Rural Farm Sector and Rural Non-Farm Sector, with emphasis on the deprived, the Rural Poor, Rural ISB and Rural Crafts.

• Sri Visakha Grameena Bank:
  Established on 30.09.1976
• Nagarjuna Grameena Bank:
  Established on 30.04.1976
• Sangameswara Grameena Bank:
  Established on 31.03.1982
• Manjira Grameena Bank:
  Established on 31.03.1982
• Kakathiya Grameena Bank:
  Established on 28.06.1982

Districts Covered

Eight(Undivided districts)

• Mahabubnagar (Population: 35.09 Lakhs)
• Nalgonda (Population: 32.43 Lakhs)
• Medak (Population: 26.70 Lakhs
• Warangal (Population: 32.46 Lakhs)
• Khammam (Population: 25.65 Lakhs)
• Visakhapatnam (Population: 38.32 Lakhs)
• Vizianagaram (Population: 22.45 Lakhs)
• Srikakulam (Population: 25.38 Lakhs)

Headquarters

Warangal, Telangana State

Ownership

Government of India :50%
Government of Andhra Pradesh :15%
State Bank of India :35%

Number of Branches

774

Staff

3386 willing, young, energetic, empathetic cadre, man these branches as on 31/10/2019.