Closing date of the tender for 50 Solar power packs stands extended to 21.05.2012

Chairman's Statement
Notifications

Debtwaiver 2008
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What's New

Additional Interest Rate offered 0.75% to the Sr.Citizens.

NEW TERM DEPOSIT PRODUCTS

PRAGATHI UJWALA   

9.50% p.a for 750 days.

PRAGATHI LAKSHADHIKARI  

Deposit Rs.1250/- per month for 63 months to become Lakshadhikari.

PRAGATHI KANAKAVARSHA-500

Deposit Rs.5000/- and in multiples of Rs.500/- for 500 days and get interest rate of 9.75%.

Financial Inclusion

PERFORMANCE RESULTS for FY-2011-2012

Branches: 421 [All branches computerised]
Extension Counters: 3 [ ALL COMPUTERISED ]
Farmers socities Sponsored: 8
Farmers Clubs(Women Clubs - 49) : 335
Staff Members: 2041
Ranked 1st in Net Profit among all Regional Rural Banks in Andhra Pradesh and 5 RRBs sponsored by Syndicate Bank in the country. Operating in Kadapa, Ananthapur, Kurnool, Nellore and Prakasam districts of Andhra Pradesh.
Having a total business of Rs. 10003 crores as on 31.03.2012.
Self Help Groups credit linked over 130137.
Total Kisan Credit Cards issued 510723.

Brief    History
Andhra Pragathi Grameena Bank was established on 1st June, 2006 after amalgamation of 3 RRBs namely Rayalaseema Grameena Bank (established on 06.08.1976), Sree Anantha Grameena Bank (established on 01.11.1979) and Pinakini Grameena Bank (established on 11.6.1982). These Regional Rural Banks were established under the provisions of RRB Act, 1976 and consequent to the Government of India Notification dt.1.6.06, were amalgamated and formed as a new entity called Andhra Pragathi Grameena Bank with its Head Office at Kadapa. The bank is operating in  Kadapa, Anantapur, Kurnool, Nellore and Prakasam districts of Andhra Pradesh and having Regional Offices in each District Head Quarters. The bank is catering to the needs of rural poor covering Agriculture, Small Industries, Village Artisans, Small business besides catering to the needs of Non Priority sector also. The Bank is having a total business of Rs. 8370 crores as on 31.03.2011. The bank is assisting the SHGs in a massive way and financed to more than 110738 SHGs with outstanding SHG advances of Rs. 915.08 crores. The bank is progressing with all-round development and introducing new products to cater the needs of the people in its service area. The Bank is improving customer service by computerising all its branches. The bank has been propagating innovations in Rural Banking and also has been receptive to new ideas.

 

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