The Andhra Pradesh Grameena Vikas Bank (APGVB) exemplifies robust rural banking in India, focusing on the financial needs of Andhra Pradesh and Telangana. Established on March 31, 2006, APGVB emerged from the amalgamation of five regional rural banks: Sri Visakha Grameena Bank, Nagarjuna Grameena Bank, Sangameswara Grameena Bank, Manjira Grameena Bank, and Kakathiya Grameena Bank. This merger, backed by the State Bank of India (SBI), marked a significant milestone in streamlining rural banking resources to boost service efficiency and expansion.

Located in Warangal, APGVB’s ownership is divided among the Government of India (50%), SBI (35%), and the Government of Andhra Pradesh (15%). With a network of 772 branches, the bank effectively extends its reach to a large rural audience, emphasizing its significant role in the rural banking landscape.

Employing 3,239 staff, APGVB is dedicated to promoting financial inclusion through a variety of offerings, including agricultural loans, micro and small business loans, housing, personal, and educational loans. The bank also provides modern banking services such as mobile banking, internet banking, and an array of deposit products with attractive interest rates to cater to diverse customer needs.

APGVB’s influence spans key districts in Telangana and Andhra Pradesh—regions integral to India’s agrarian economy. Its coverage extends from Bhadradri Kothagudem to Yadadri Bhuvanagiri in Telangana, and from Alluri Sitaram Raju to Vizianagaram in Andhra Pradesh, underscoring its vital contribution to rural financial empowerment and economic development. APGVB aligns its strategic goals not only with financial products but also with rural welfare and development initiatives.

This strategy reflects its core mission of elevating the Rural Farm Sector and Rural Non-Farm Sector, focusing specifically on marginalized and disadvantaged rural communities. The bank enhances its rural development footprint by offering tailored products and services that address rural-specific issues.

Looking ahead, APGVB leverages its rich heritage in serving the rural areas of Andhra Pradesh and Telangana to contribute to the broader government agenda of financial inclusion and rural progress. With continued support from key stakeholders, including the Government of India and SBI, Andhra Pradesh Grameena Vikas Bank is well-positioned to expand its scope and deepen its impact in India’s rural banking sector.