Andhra Pragathi Grameena Bank

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Andhra Pragathi Grameena Bank
Public Sector Bank, sponsored by Syndicate Bank
Industry Financial
Commercial banks
Founded June 1, 2006 (2006-06-01)
Headquarters Kadapa, India
Area served
Kadapa Anantapur Kurnool Nellore Prakasam districts
Website www.apgb.in

Andhra Pragathi Grameena Bank came into existence from 01.06.2006 by amalgamating Rayalaseema Grameena Bank, Sri Anantha Grameena Bank and Pinakini Grameena Bank consequent upon the Government of India Notification dt.01.06.2006. The Bank is constituted under Regional Rural Banks Act 1976. The Bank is having its Head Office at KADAPA with a jurisdiction of 5 districts namely Anantapur, Y. S. R (Kadapa), Kurnool, Nellore and Prakasam. The Bank is having 7 Regional offices with its headquarters at 5 district Head Quarters, Kadiri of Anantapur district and in Nandyal of Kurnool district. The Bank is providing banking services with its 450 branches as on 31.03.2014. The Bank is catering to the needs of Rural Poor mainly and to all other sectors also. The Bank has been playing a pivotal role in economic development of its operational area by outreaching the people in the countryside. The Bank earned Net profit of Rs.160.37 Crore as on 31.03.2014 and stood first among all RRBs sponsored by Syndicate Bank and all RRBs in the Andhra Pradesh State in respect of networth Rs. 1306.17 Crore.

The entire area of operation of the Bank, which is mostly in Rayalaseema region, is characterized by drought and backwardness. About 75% of the population in the area lives in countryside.

The Government of Andhra Pradesh awarded 'BESTBANK’ award to the bank on 17.01.2007 and on 15.01.2010. 
The paid up capital of the Bank is Rs.300 lakh, contributed by the Govt. Of India, Sponsor Bank (Syndicate Bank) and the Government of Andhra Pradesh in the ratio of 50:35:15 respectively. As a part of restructuring process of RRBs, an additional share capital (in the form of share capital deposit) of Rs.3934.26 lakh was infused by the shareholders in the ratio mentioned above

BUSINESS HIGHLIGHTS AS ON 31.03.2014

1. Andhra Pragathi Grameena Bank occupied No.1 position in Net worth among all the RRBs in the country. The Bank has 450 branches in 5 districts. VIZ. Anantapur, Y. S. R (Kadapa), Kurnool, Nellore and Prakasam. The operating profit of the Bank for the year ended 31.03.2014 touched Rs.270.18 crore. 2. Total business crossed Rs.13262 crore. 3. Deposits crossed Rs.5948 crore with a Y-O-Y growth rate of 18.94%. 4. Advances crossed Rs.7314 crore, with a growth rate of 8.2% over the corresponding period previous year (March-2013). 5. The Bank has customer base with 50.03 lakh. 6. Priority sector advances reached a level of Rs.6071 crore, constituting 83% of total advances. Agriculture advances touched a level of Rs.5688 crore, constituting 77.76% of total advances. The Y-O-Y growth under Priority sector advances is 7.79% and Agriculture Advances is 8.68% . 7. 454854 Kisan Credit Card accounts are outstanding with a loan amount of Rs.2402 crore. 8. Actively participated in the scheme of achieving 100% Financial Inclusion in all the 5 districts – Y. S. R, Kurnool, Anantapur, Nellore, Prakasam districts and provided banking services to 629 villages through BC Model and to 39 villages through Brick & Mortar Model. 9. The Bank has computerized all its 450 branches with CBS (Core Banking Solutions)and 100% of its business is computerized as on 31.08.2012. 10. The highest number of 9.35 lakh Pragathi Basic SB accounts are opened under total Financial Inclusion. 11. 86303 SHGs loan accounts are outstanding with loan amount of Rs.1441 crore. The bank has provided additional financial assistance to SHGs under the special Dairy Development Project. 12. Per branch business and Per-employee business stood at Rs. 29.47 crore and Rs. 6.59 crore respectively. 13. Opened 12 new branches during the financial year 2013-14. FUTURE PLANS The Bank is aiming to cross the following mile-stones in the financial year 2014-15. 1. To cross the business level of Rs.15000 crore. 2. Planning to open more branches during the current year in the in the area of operation of the bank in tune with the policy of Govt. of India. 3.Financial Inclusion: The bank has planned to provide banking services to all the villages allotted under financial inclusion and to enable the clientele with Aadhaar Bridge Payment Systems by linking to Aadhaar number. 4. Providing Debit Cards and installing ATMs at strategic places for providing any time transaction facilities. 5. Providing net banking services.

We are hopeful of achieving the set goals in the current financial year (2014-15) with the cooperation of one and all, more particularly the clientele of the Bank and Government Agencies.

SOCIAL RESPONSIBILITIES

The Bank is catering to the needs of the Rural Community and actively associated with Rural Development. Apart from the business development, the Bank is undertaking Social Responsibilities for bringing desired change in the rural community and moving them towards improving the living standards of the rural community. The Bank has initiated the following steps in this direction. 1. Establishment of Farmers’ Clubs: The Bank has established 357 Farmers Clubs through which the Bank is undertaking activities for enriching the Farmers with latest Technology and improving the cultivation methods by way of expert lectures, study tours and demonstrations. The progressive Farmers of the village are the members of the club and they play active role in dissemination of the farming techniques to the other farmers in the village. One of our clubs has secured the Best Club Award from the NABARD. These clubs will play major role in transforming the traditional farmers to progressive farmers. 2. Establishment of Training Institutes: The Sponsor Bank i.e. Syndicate Bank has established training institutes (SIRD) at Kadapa and Kurnool for training the Rural Youth. The Bank is actively associated with providing of training and imparting the skills to the unemployed rural youth. Further, the SIRDs are also extending help to the trained candidates to establish the business activity by coordinating with the banks for extending loans to them. The trainings are provided in the fields of photography, tailoring, Mobile phone repairing, Embroidery, Computer courses like graphics, DTP, MS-Ofiice etc. The practical training is provided in the above fields by the institute, which enables the trained youth to establish their own businesses. 3. Conducting of extension activities: The Bank is conducting extension programmes through its branches for educating the farmers in various fields like, post harvest technologies, improved agricultural practices, insect and pest management in prominent crops, techniques in water & soil conservation methods, integrated pest management and dairying. These programmes are most useful to the farmers to equip themselves with latest technologies in the field of Agriculture and help them to improve the productivity of the crops. 4. Improving the water resources: As a part of Social Responsibility, the Bank has undertaking the clearing/ cleaning of village ponds to improve the water retention capacity of the village tanks. The supply channels are also cleaned with the assistance of the Bank which will help for free flow of water. The Bank is contributing some amount and involving all the villagers for undertaking the above works. The villagers are voluntarily participating in the above programmes and making the programme successful. The Bank has extended assistance for cleaning/ clearing of 154 village ponds so far and the same is being continued. 5. Contribution to Renewable Energy: The Bank has entered MoU with the suppliers of Solar Energy Systems and extending financial assistance for installation of Solar Energy Systems. Further, the Bank has established renewable energy Systems in 169 branches for un-interrupted power supply. Thus the Bank is promoting the renewable energy sources there by contributing its might to maintain the ecological balance. Co-financing: NABARD, Andhra Pradesh Regional Office has entered into Memorandum of Understanding (MoU) with Andhra Pragathi Grameena Bank (APGB) on Co-financing at YSR (Kadapa) today with an objective to increase the flow of ground level credit to agriculture and allied activities in the State. Under this agreement, while NABARD will leverage its technical appraisal and financial resources, APGB would utilise its domain knowledge of the local area. Under Co-financing, NABARD and APGB jointly finance new projects or even projects for modernisation & expansion. Projects involving sunrise technology and large financial outlays and long gestation period, would merit consideration. The thrust areas under co-financing would cover projects in Agro Processing, Post Harvest Management, Contract Farming, Organic Farming, Bio Fertilisers/Organic Manures, Plantation & Horticulture, Dairy, Poultry, Fisheries, Eco-tourism, Non-farm Sector & Allied activities, Carbon Trading & Allied activities etc.

Andhra Pragathi Grameena Bank has responded to the initiative of NABARD to join it for co-financing innovative projects in agriculture and rural development sector so as to increase its business further. Andhra Pragathi Grameena Bank has its presence in 5 districts of the State viz. YSR, Kurnool, Prakasam, Nellore and Anantapur and operates through 450 branches among which 49 branches are in urban, 99 in semi-urban and 302 in rural areas as on 31.03.2014. The Memorandum of Understanding between NABARD and APGB was signed on 30th September 2010 with a common objective of financing agri/ agro–industrial projects in the state. While Shri P. Mohanaiah, CGM signed the MoU on behalf of NABARD, Shri K. Preetam Lal, the then Chairman signed the MoU on behalf of Andhra Pragathi Grameena Bank. This MoU between NABARD and Andhra Pragathi Grameena Bank would facilitate accelerated flow of institutional credit to larger units in agriculture and agro processing, agri marketing and allied sectors.

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