Banks / Andhra Pradesh Grameena Bank
Banks / Andhra Pradesh Grameena Bank
Chairman, Andhra Pradesh Grameena Bank — heading the bank since its formation on 1 May 2025. Has since inaugurated new branches (e.g. Bhavanipuram, Vijayawada, March 2026) and presided over customer-facing events including insurance-claim settlements, as reported in the bank's news updates.
Under the Regional Rural Banks Act, 1976, an RRB's top executive holds the title Chairman — but for a different reason than at SBI. An RRB's Chairman is typically a senior officer deputed from the sponsor bank (here, Union Bank of India) for a fixed tenure, rather than a permanent employee of the RRB itself. This reflects the sponsor bank's statutory role in staffing and managing the RRB, distinct from SBI's own Chairman title, which stems from the SBI Act, 1955.
| Predecessor RRB | Former Sponsor Bank | Outcome |
|---|---|---|
| Chaitanya Godavari Grameena Bank | Union Bank of India | Fully merged into APGB |
| Andhra Pragathi Grameena Bank | Canara Bank | Fully merged into APGB |
| Saptagiri Grameena Bank | Indian Bank | Fully merged into APGB |
| Andhra Pradesh Grameena Vikas Bank (APGVB) | State Bank of India | Split — AP-area branches merged into APGB; Telangana-area branches merged into Telangana Grameena Bank instead |
Legacy predecessor-bank addresses (still listed on the official site during transition): customercare@apgvb.in · pragathibank@apgb.in · customersupport@sgbank.in
Available 24×7 for general banking queries
Net banking: apgb.bank.in/netbanking · Mobile banking app also available
As an RRB, APGB's loan book is weighted heavily toward agriculture and priority-sector lending for rural and semi-urban Andhra Pradesh, rather than urban retail or corporate banking.
Domestic term deposit rates below are fetched live from APGB's official rates page where possible. If the live fetch is unavailable, the last published rates are shown instead.
Andhra Pradesh Grameena Bank is a newly amalgamated RRB (effective 1 May 2025) and, unlike listed commercial banks such as SBI, it is not stock-exchange listed and does not publish SEBI-style quarterly results or a multi-year standalone P&L on its own website. Public financial disclosure for RRBs generally comes from three places: the RRB's own (often limited) annual report, sponsor-bank disclosures, and NABARD's sector-wide annual RRB performance report — none of which yet contains a full post-merger, multi-year track record for this specific entity.
| Metric | Value (at/around formation, May 2025) |
|---|---|
| Combined Deposit Base | Over ₹30,000 Cr (media-reported figure at the time of the 4-way merger) |
| Branch Network | ~1,351 branches across 24 Regional Offices, all 26 districts of Andhra Pradesh |
| Consolidated Post-Merger P&L / NPA / CRAR | Not yet published in sources reviewed — APGB has not released a standalone post-merger annual report as of this writing |