APGB

Andhra Pragathi Grameena Bank came into existence from 1.06.06 by amalgamating Rayalaseema Grameena Bank, Sri Anantha Grameena Bank and Pinakini Grameena Bank consequent upon the Government of India Notification dt.1.6.06. The Bank is constituted under Regional Rural Banks Act 1976. The Bank is having its Head Office at KADAPA with a jurisdiction of 5 districts namely Kadapa, Kurnool, Ananthapur, Nellore and Prakasam. The Bank is having 5 Regional offices with its Head quarters at each district Head Quarters. The Bank is having 385 branches and 3 Extension counters. The Bank is catering to the needs of Rural Poor mainly and to all other sectors also. The Bank has been playing a pivotal role in economic development of its operational area by outreaching the people in the countryside. The Bank stood First in earning Net profit of Rs.130 Crore as on 31.03.2011 among all RRBs in the country.

The entire area of operation of the Bank, which is mostly in Rayalaseema region, is characterized by drought and backwardness. About 75% of the population in the area lives in countryside. The soils are mostly black and red, about 75% of the area is rainfed and farmers depend on rainfed crops. Under Irrigation sources viz., canals, tanks, borewells etc., the major crops grown are paddy, cotton(hybrid), chillies, vegetables, horticulture crops like banana, papaya, sweet orange, mango etc., and under rainfed conditions the major crops grown are ground nut, jowar, bengalgram, sun-flower, coriander, tobacco, etc. The area is rich in minerals viz., barites, limestone, granite, black and colour slabs, slates etc.

The important rivers flowing through the Bank's area of operation are Krishna, Tungabhadra, Hundri, Pennar, Kundu, Papagni, Chitravathi, Sagileru, Pincha, Cheyyeru, Swarnamukhi, Paleru, Pillaperu and Gundlakamma . The Government of Andhra Pradesh awarded 'BESTBANK’ award on 17.1.07 and on 15.1.10.

The paid up capital of the Bank is Rs.300 lakhs, contributed by the Govt.of India, Sponsor Bank (Syndicate Bank) and the Government of Andhra Pradesh in the ratio of 50:35:15 respectively. As a part of restructuring process of RRBs, an additional share capital (in the form of share capital deposit) of Rs.3934.26 lakhs was infused by the shareholders in the ratio mentioned above

BUSINESS HIGHLIGHTS AS ON 31.03.2011

1. Andhra Pragathi Grameena Bank occupied No.1 position in Net worth among all the RRBs in the country. The Bank has 385 branches in 5 districts. VIZ., Kadapa, Anantapur, Kurnool, Nellore and Prakasam districts. The operating profit of the Bank for the year ended 31.03.2011 touched Rs.178.11 crores.

2. Total business crossed Rs.8370.06 crores.

3. Deposits crossed Rs. 4079.05 crores with a Y-O-Y growth rate of 15.98%.

4. Advances crossed Rs.4291.01 crores, with a growth rate of 20.41% over the March-2010.

5. The Bank has customer base with 31.10 lakhs deposit accounts and 10.30 lakhs borrowal accounts.

6. Priority sector advances reached a level of Rs.3732.48 crores, constituting 86.98 % of total advances. Agriculture advances touched a level of Rs.3309.06 crore, constituting 77.12% of total advances. The Y-O-Y growth under Priority sector advances is 19.43% and Agl. Advances is 18.39% .

7. 426332 Kisan Credit Card accounts are outstanding with a loan amount of Rs.1456.47 crore.

8. Actively participated in the scheme of achieving 100% Financial Inclusion in all the 5 districts – Kadapa, Kurnool,     Anantapur, Nellore and Prakasam.
   

9. The Bank has computerized all its 385 branches and 3 ECs with Total Branch Mechanisation and 100% of its business is computerized.  69 Branches are migrated to CBS as on 31.03.2011.

10. The highest number of 7.99 lakh Pragathi Janatha No-Frill accounts SB accounts , are opened            under   total Financial  Inclusion.

11. 110738 SHGs loan accounts are outstanding with loan amount of Rs.915.08 crores. Provided additional financial assistance to the SHGs under the special Dairy Development Project. 

12. Per branch business and Per-employee business stood at Rs. 21.74 crores and Rs. 4.22 crores respectively.

13. Opened 26 new branches during the current financial year.
                   

FUTURE PLANS

The Bank is aiming to cross the following mile-stones in the year (2011-12).

1. Achieve a business level of Rs.9900 crores.

2. Planning to open 25 more branches during the current year in the in the area of operation of the bank in tune with the policy of Govt. of India.

3. CBS: 69 Branches have been migrated to Core Banking Solution as on 31.03.2011. All the remaining Branches are going to be migrated to CBS platform before 31.08.2011.

4. Finalcial Inclusion:Technology Service Provider has been finalised and a road map has been planned to extend Banking services to 546 villages alloted to the Bank under Financial Inclusuion.

We are hopeful of achieving the set goals in the present year (2011-12) with the cooperation of one and all, more particularly the clientele of the Bank and Government Agencies. We thank the media both print and electronic for their cooperation in projecting the image of our Bank in good stead.

SOCIAL RESPONSIBILITIES

The Bank is catering to the needs of the Rural Community and actively associated with Rural Development. Apart from the business development, the Bank is undertaking Social Responsibilities for bringing desired change in the rural community and moving them towards improving the living standards of the rural community. The Bank has initiated the following steps in this direction.

1. Establishment of Farmers’ Clubs: The Bank has established 335 Farmers Clubs through which the Bank is undertaking activities for enriching the Farmers with latest Technology and improving the cultivation methods by way of expert lectures, study tours and demonstrations. The progressive Farmers of the village are the members of the club and they play active role in dissemination of the farming techniques to the other farmers in the village. One of our clubs has secured the Best Club Award from the NABARD. These clubs will play major role in transforming the   traditional farmers to progressive farmers.
2. Establishment of Training Institutes: The Sponsor Bank i.e. Syndicate Bank has established training institutes (SIRD) at Kadapa and Kurnool for training the Rural Youth. The Bank is actively associated with providing of training and imparting the skills to the unemployed rural youth. Further, the SIRDs are also extending help to the trained candidates to establish the business activity by coordinating with the banks for extending loans to them. The trainings are provided in the fields of photography, tailoring, Mobile phone repairing, Embroidery, Computer courses like graphics, DTP, MS-Ofiice etc. The practical training is provided in the above fields by the institute, which enables the trained youth to establish their own businesses.
3. Conducting of extension activities:  The Bank is conducting extension programmes through its branches for educating the farmers in various fields like, post harvest technologies, improved agricultural practices, insect and pest management in prominent crops, techniques in water & soil conservation methods, integrated pest management and dairying. These programmes are most useful to the farmers to equip themselves with latest technologies in the field of Agriculture and help them to improve the productivity of the crops.
4. Improving the water resources:  As a part of Social Responsibility, the Bank has undertaking the clearing/ cleaning of village ponds to improve the water retention capacity of the village tanks. The supply channels are also cleaned with the assistance of the Bank which will help for free flow of water. The Bank is contributing some amount and involving all the villagers for undertaking the above works. The villagers are voluntarily participating in the above programmes and making the programme successful. The Bank has extended assistance for cleaning/ clearing of 123 village ponds so far and the same is being continued.
5. Contribution to Renewable Energy:  The Bank has entered MoU with the suppliers of Solar Energy Systems and extending financial assistance for installation of Solar Energy Systems. Further, the Bank has established renewable energy Systems in 30 branches for un-interrupted power supply. Thus the Bank is promoting the renewable energy sources there by contributing its might to maintain the ecological balance.

SECURITY MEASURES & OTHER DEVELOPMENTS

1.Security Measures: The Bank has provided fire extinguishers and security alarms to all the branches.  During the financial year, the Bank has provided Strong Room facility to 8 branches taking the total number of branches having strong room facility to 77. The Bank has also provided 115 BB class safes to the branches, where the jewel loan port folio has crossed Rs.100 lakh and another 50 BB class safes will be provided during the current fiscal.

2.Safe Deposit Lockers: In order to improve the customer service, the Bank is providing Safe deposit lockers facility in all urban and Semi-urban branches and also in some rural branches, where business potential is available. During the financial year, the Bank has provided 16 Safe Deposit Lockers, thus taking the total available lockers at the branches to 106.

3.Cash counting Machines: The bank has provided 289 cash counting machines to branches so far and taken steps to supply another 75 machines during the current year.

4.Co-financing: NABARD, Andhra Pradesh Regional Office has entered into Memorandum of Understanding (MoU) with Andhra Pragathi Grameena Bank (APGB) on Co-financing at YSR (Kadapa) today with an objective to increase the flow of ground level credit to agriculture and allied activities in the State.  Under this agreement, while NABARD will leverage its technical appraisal and financial resources, APGB would utilise its domain knowledge of the local area. Under Co-financing, NABARD and APGB jointly finance new projects or even projects for modernisation & expansion. Projects involving sunrise technology and large financial outlays and long gestation period, would merit consideration. The thrust areas under co-financing would cover projects in Agro Processing, Post Harvest Management, Contract Farming, Organic Farming, Bio Fertilisers/Organic Manures, Plantation & Horticulture, Dairy, Poultry, Fisheries, Eco-tourism, Non-farm Sector & Allied activities, Carbon Trading & Allied activities etc.

Andhra Pragathi Grameena Bank has responded to the initiative of NABARD to join it for co-financing innovative projects in agriculture and rural development sector so as to increase its business further.  Andhra Pragathi Grameena Bank has its presence in 5 districts of the State viz. YSR, Kurnool, Prakasam, Nellore and Ananthapur and operates through 372 branches among which 36 branches are in urban, 84 in semi-urban and 252 in rural areas.  The Memorandum of Understanding between NABARD and APGB was signed on 30th September 2010 with a common objective of financing agri/ agro–industrial projects in the state.  While Shri P. Mohanaiah, CGM signed the MoU on behalf of NABARD,  Shri K. Preetam Lal, Chairman signed the MoU on behalf of Andhra Pragathi Grameena Bank.  This MoU between NABARD and Andhra Pragathi Grameena Bank would facilitate accelerated flow of institutional credit to larger units in agriculture and agro processing, agri marketing and allied sectors.