Andhra Pragathi Grameena Bank

Andhra Pragathi Grameena Bank
	File:Andhra Pragathi Grameena Bank Logo.jpg
Industry	Financial; Commercial banks
Founded	1 June 2006
Headquarters	Kadapa, India
Area served	Kadapa Anantapur Kurnool Nellore Prakasam districts
Key people	Chairman: RAKESH KASHYAP
Owner	Government of India(50%) Canara Bank (35%) AP Govt (15%)
Parent	Ministry of Finance , Government of India
Website	www.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]

References[edit]

↑ ^1.0 ^1.1 "APGB".
↑ "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.

[apgb-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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