Andhra Pragathi Grameena Bank

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Andhra Pragathi Grameena Bank
Type 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.apgbank.com

Andhra Pragathi Grameena Bank is a 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 region.

Syndicate 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 region 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. ^ a b "APGB". 
  2. ^ "AP Grameena Bank top among RRBs in net profit". The Hindu. 1 May 2010. Retrieved 13 October 2012.