APGB meaning in Rural Bank in India ?
Answer: What is Andhra Pragathi Grameena Bank mean?
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 Ananthapuram, Kadapa,Kurnool, Nellore and Prakasam districts of Andhra Pradesh. It is under the ownership of Government of India, Syndicate Bank(now Canara bank) and AP State Government.
The Government of India has 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 financial needs of the rural poor in one of the most backward regions of Andhra Pradesh state.
The Bank is headquartered at Kadapa and presently its area of operation is extended to 5 districts of Andhra Pradesh state.
In 2010 the bank received the "best bank" award from Andhra Pradesh Chief Minister Konijeti Rosaiah.
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