Andhra Pradesh Grameena Vikas Bank (APGVB), a Regional Rural Bank (RRB) established in the year 2006 under an act of Parliament and sponsored by State Bank of India is operating in 7 districts of Andhra Pradesh.
The Regional Rural Banks were owned by the Central Government, the State Government and the Sponsor Bank (APGVB sponsored by State Bank of India) who held shares in the ratios as follows:
Central Government – 50%
State Government – 15%
Sponsor Bank – 35%
We are having Five Controlling Offices at
Region
State
Anakapalli
Andhra Pradesh
Parvathipuram
Srikakulam
Visakhapatnam
Vizianagaram
Andhra Pradesh Grameena Vikas Bank (APGVB) with 278 Branches & 1297 Bank Mitra Points is one of the leading Banks in serving rural folks in Andhra Pradesh State. Of the total Branches, 187 Branches i.e., 67% are in rural areas, which signify the commitment of Bank towards rural areas.