CHAIRMAN'S STATEMENT
Dear Viewers,
A HEARTY WELCOME TO OUR SITE
I have immense pleasure to introduce our Bank which has the distinction of having the Highest Net worth among all the Regional Rural Banks in the country as on 31.03.2014. TheBank is having Reserves & Surplus of Rs.1263.83crore with a total net owned fund of Rs.1306.17Crore. Andhra Pragathi Grameena Bank came into existence on 01.06.2006, after amalgamation of erstwhile 3 RRBs – Rayalaseema Grameena Bank, Sree Anantha Grameena Bank and Pinakini Grameena Bank(All Sponsored by the Public Sector Bank -Syndicate Bank) as per the Notification of the Government of India.
The Bank is covering 5 districts i.e. Anantapur, Y. S. R (Kadapa), Kurnool, Nellore and Prakasam and serving the rural clientele in 2802 service area villages through 450Branches, 7Regional Offices as on 31.03.2014. The Bank has a customer base of 50.03 lakhs. As on 31.03.2014, the Bank has a Total Business of Rs.13262.17 Cr and Net Profit of Rs.160.37 Cr.
The Bank is adjudged as the BEST BANK in the state of Undivided Andhra Pradesh by the NABARD for the year 2013-14.
The Bank is apioneer in rural lending in general and in micro finance in particular. The Bank has won many accolades and awards from the NABARD, Government of Andhra Pradesh for its outstanding performance under Self Help Groups and Agricultural financing. The Bank has proved its excellence by extending 454804 Pragathi Kisan Credit Cards to the farming community and also credit linked 86303 Self Help Groups with an outstanding balance of Rs.1440.50Crore. The Bank has been doing yeoman services in bringing the banking services to the doorsteps of majority of the households in the service area.
The Bank has migrated all the Branches to Core Banking Solution (CBS) before 30.09.2011. The Bank has begun to issue DEBIT CARDS to its customers through VISA INTERNATIONAL and RuPay as Associates of Syndicate Bank. The Bank has introduced various Deposit and Loan Products to suit all kinds of customers and also providing publicity through various Financial Literacy Initiatives.
The Bank is offering 0.75% AdditionalInterest on all Term Deposits to Senior Citizens. The Bank also accepts NRE and FCNR(B) deposits in 32 designated branches. You will find a philosopher, guide, well-wisher in each of our staff member who extends prompt and courteous service. The Bank is adopting technological initiatives on par with any other Bank. The bank is providing banking services to 1047 unbanked villages under Financial Inclusion through Brick & Mortar Model, BC Model and Ultra Small Branch Model. A brief sketch about various products and services of our Bank is inserted in the pages to follow.
I thank you for visiting our Website and request you to give your valuable feedback on various products for further improvement.
With warm regards.
D. Sampath Kumar Chary
CHAIRMAN