Andhra Pragathi Grameena Bank

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Andhra Pragathi Grameena Bank
IndustryFinancial
Commercial banks
Founded1 June 2006 (2006-06-01)
Headquarters
Kadapa
,
India
Area served
Kadapa Anantapur Kurnool Nellore Prakasam districts
Key people
Chairman: RAKESH KASHYAP
OwnerGovernment of India(50%) Canara Bank (35%) AP Govt (15%)
ParentMinistry of Finance , Government of India
Websitewww.apgb.in

Andhra Pragathi Grameena Bank is an Indian Government owned regional rural bank in India. It was established in 2006 as a Scheduled Commercial Bank as per Regional Rural Banks Act of 1976 to provide banking facilities in Rayalaseema and Coastal Andhra regions.

Syndicate Bank(now Canara bank) amalgamated three rural banks namely Sri Anantha Grameena Bank, Pinakini Grameena Bank and Rayalaseema Grameena Bank to form Andhra Pragathi Grameena Bank. The bank caters to the rural poor in one of the most backward regions of Andhra Pradesh state.[1]

The Bank is headquartered at Kadapa and presently its area of operation is extended to 5 districts of Andhra Pradesh state.[1]

In 2010 the bank received the "best bank" award from Andhra Pradesh Chief Minister Konijeti Rosaiah.[2]

See also[edit]

References[edit]

  1. ↑ 1.0 1.1 "APGB".
  2. ↑ "AP Grameena Bank top among RRBs in net profit". The Hindu. 1 May 2010. Archived from the original on 7 May 2010. Retrieved 13 October 2012.
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