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Banking

Andhra Pradesh Grameena Vikas Bank: Empowering Rural Prosperity with Innovative Banking Solutions

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Summary

APGVB is a rural bank in Andhra Pradesh and Telangana, formed in 2006 by merging five regional banks, with SBI endorsement and government backing. It offers diverse financial services including agricultural, housing, and personal loans, along with modern digital banking solutions. The bank supports rural development through financial inclusion via its extensive network of 772 branches.

Key Takeaways

  • Formed in 2006 through the merger of five regional banks.
  • Backed by the Government of India, SBI, and the Government of Andhra Pradesh.
  • Operates 772 branches serving underserved rural areas.
  • Provides a range of loans and advanced digital banking services.
  • Focuses on fostering financial inclusion and rural development.

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