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Andhra Pradesh Grameena Vikas Bank is an Indian
Regional Rural Bank Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance , Government of India. They were creat ...
headquartered in
Warangal Warangal () is a city in the Indian state of Telangana and the district headquarters of Warangal district. It is the second largest city in Telangana with a population of 704,570 per 2011 Census of India, and spreading over an . Warangal ser ...
,
India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
. It was established in 2006 as a Regional Rural Bank as per Regional Rural Banks Act of 1976. By amalgamation, on 31 March 2006, of the following 5 banks, sponsored by SBI, to participate more energetically, with synergy, in the upliftment and development of Rural Farm Sector and Rural Non-Farm Sector, with emphasis on the deprived, the Rural Poor, Rural ISB and Rural Crafts. It is under the ownership of
Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Ec ...
,
Government of India The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, ...
.


Amalgamated Five Regional Rural Banks

* 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

IN TELANGANA STATE * Khammam (Population: 25.65 Lakhs) * Mahabubnagar (Population: 35.09 Lakhs) * Medak (Population: 26.70 Lakhs * Nalgonda (Population: 32.43 Lakhs) * Warangal (Population: 32.46 Lakhs) *Wanaparthy *Nagarkurnool *Narayanpet IN ANDHRA PRADESH STATE * Visakhapatnam (Population: 38.32 Lakhs) * Vizianagaram (Population: 22.45 Lakhs) * Srikakulam (Population: 25.38 Lakhs)


Ownership

Government of India :50% Government of Andhra Pradesh :15% State Bank of India :35% Andhra Pradesh Grameena Vikas Bank has its branches in Andhra Pradesh and Telangana


See also

*
Banking in India Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791. ...
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List of banks in India This is the list of banks which are listed as Scheduled Banks (India) under second schedule of RBI Act, 1934. Commercial banks Public Sector Banks (PSBs) There are 12 public sector banks as of 15 November 2021 Private-sector banks A ...
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Reserve Bank of India The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible f ...
*
Regional Rural Bank Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance , Government of India. They were creat ...
*
Indian Financial System Code The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: ...
*
List of largest banks The following are lists of the largest banks in the world, as measured by total assets. By total assets The list is based on the April 2022 S&P Global Market Intelligence report of the 100 largest banks in the world. The ranking was based upon a ...
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List of companies of India India is a country in South Asia. It is the seventh-largest country by area, the second-most populous country (with over 1.2 billion people), and the most populous democracy in the world. In 2019, the Indian economy was the world's fifth ...
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Make in India Make in India is an initiative by the Government of India to create and encourage companies to develop, manufacture and assemble products made in India and incentivize dedicated investments into manufacturing. The policy approach was to crea ...


References

* http://www.apgvbank.in/ {{SBI Banks established in 2006 Regional rural banks of India Companies based in Andhra Pradesh Economy of Telangana 2006 establishments in Andhra Pradesh