Question 1

What is Andhra Pradesh Grameena Bank?

Accepted Answer

Andhra Pradesh Grameena Bank (APGB) is a Regional Rural Bank serving the state of Andhra Pradesh, India. Established on 1 May 2025, it is the second-largest Regional Rural Bank in India by business volume.

The bank was formed through the amalgamation of four existing Regional Rural Banks: Chaitanya Godavari Grameena Bank, Andhra Pragathi Grameena Bank, Saptagiri Grameena Bank, and Andhra Pradesh Grameena Vikas Bank. This consolidation occurred under the Government of India's "One State, One RRB" policy, aimed at strengthening rural banking infrastructure and enhancing financial services across the state.

Question 2

When was Andhra Pradesh Grameena Bank founded?

Accepted Answer

Andhra Pradesh Grameena Bank was established on 1 May 2025, following the Government of India's Gazette Notification No. S.O. 1625(E) dated 5 April 2025. This notification was issued by the Ministry of Finance after consultations with the National Bank for Agriculture and Rural Development (NABARD), the Andhra Pradesh state government, and sponsor banks.

The four predecessor banks that merged to form APGB had their own distinct histories. Andhra Pradesh Grameena Vikas Bank was established in 2006 through the amalgamation of five banks, some dating back to 1976. Andhra Pragathi Grameena Bank was formed on 1 June 2006, Chaitanya Godavari Grameena Bank on 1 March 2006, and Saptagiri Grameena Bank on 1 July 2006.

Question 3

Where is Andhra Pradesh Grameena Bank headquartered?

Accepted Answer

The head office of Andhra Pradesh Grameena Bank is located in Guntur, Andhra Pradesh. The temporary headquarters operates from D. No 5-37-234, 4th Floor, Raghu Mansion, 4/1 Brodipet, Guntur - 522002. The bank plans to establish its permanent headquarters in Amaravati, the capital city of Andhra Pradesh.

The bank maintains numerous regional offices across major cities in the state, including Vijayawada, Rajahmundry, Eluru, Narasaraopet, Anantapuramu, Kadapa, Kurnool, Nellore, Tirupathi, Visakhapatnam, and Srikakulam.

Question 4

Where does Andhra Pradesh Grameena Bank operate?

Accepted Answer

Andhra Pradesh Grameena Bank operates across all 26 districts of Andhra Pradesh, making it one of the most comprehensive rural banking networks in the state. With 1,351 branches spread throughout rural and semi-urban areas, the bank serves communities across the entire state.

The bank's extensive network includes major districts such as Guntur, East Godavari, West Godavari, Krishna, Chittoor, Anantapur, Prakasam, Kurnool, Nellore, Visakhapatnam, Vijayawada, and numerous other districts. This wide geographical coverage ensures that rural populations across Andhra Pradesh have access to formal banking services.

Question 5

What services does Andhra Pradesh Grameena Bank offer?

Accepted Answer

Andhra Pradesh Grameena Bank provides a comprehensive range of banking and financial services tailored to rural and agricultural communities. Core services include savings accounts, current accounts, fixed deposits, and recurring deposits designed for individual customers and cooperative societies.

The bank specializes in agricultural lending, offering loans to small and marginal farmers, agricultural laborers, and agricultural cooperatives for farming operations, machinery purchase, and livestock development. It also provides credit facilities to rural artisans, small entrepreneurs, and micro-enterprises for business development and income generation.

Digital banking services include the APGB Money mobile banking application, available on both Google Play Store and Apple App Store. Customers can access online banking platforms, networked ATMs and cash recyclers, micro ATMs, and Unified Payments Interface (UPI) services. The bank operates a toll-free customer service number (1800 425 6708) for customer support and employs a network of Business Correspondents to extend banking services to remote villages.

Question 6

What makes Andhra Pradesh Grameena Bank unique?

Accepted Answer

Andhra Pradesh Grameena Bank stands out as the product of one of India's most significant Regional Rural Bank consolidations, bringing together four established institutions into a unified entity. With over 7,000 employees and 1,351 branches, it represents a major step toward creating a stronger, more efficient rural banking system in Andhra Pradesh.

The bank's ownership structure reflects its commitment to rural development, with shareholding distributed among the Government of India (50%), Union Bank of India as the sponsor bank (35%), and the Government of Andhra Pradesh (15%). This collaborative model ensures coordination between central, state, and commercial banking interests.

As a Regional Rural Bank operating under the Regional Rural Banks Act, 1976, APGB maintains a mandatory priority sector lending target of 75%, ensuring that credit flows to agriculture, small-scale industries, and economically weaker sections of society. The bank's mission emphasizes leveraging technology to provide customer satisfaction while delivering credit and financial services to rural populations across all 26 districts of Andhra Pradesh.

Question 7

What type of financial institution is Andhra Pradesh Grameena Bank?

Accepted Answer

Andhra Pradesh Grameena Bank is a Regional Rural Bank (RRB), a specialized category of scheduled commercial banks in India established specifically to serve rural areas. RRBs were created under the Regional Rural Banks Act, 1976, following recommendations of the Narasimham Committee on Rural Credit, with the objective of developing rural economies through expanded institutional credit.

Regional Rural Banks occupy a unique position in India's banking structure, designed to supplement cooperative credit institutions and provide banking services to small and marginal farmers, agricultural laborers, rural artisans, and small entrepreneurs. They are regulated by the Reserve Bank of India (RBI) and supervised by NABARD, combining the local orientation and low operational costs of cooperatives with the professionalism and reach of commercial banks.

As an RRB, APGB focuses on financial inclusion, rural development, and agricultural credit, operating with the specific mandate of promoting economic empowerment in rural areas. The bank functions as a crucial institutional mechanism for channeling credit and banking services to underserved rural populations, supporting government schemes such as pension distribution and MGNREGA wage disbursement while maintaining commercial banking standards.

Andhra Pradesh Grameena Bank

in India 🇮🇳

Crypto-Friendliness

All done!

About Andhra Pradesh Grameena Bank in India