APGVB Full Form: Know All About APGVB Here!
By BYJU'S Exam Prep
Updated on: September 25th, 2023
APGVB Full Form: We live in a fast-paced world. People prefer to save time in any way they can, whether it is in typing or speaking. One method is to use acronyms and full forms while speaking and writing. Knowing several general acronyms can be quite helpful, especially for bank aspirants or competitive exams. Many applicants question what is the full form of APGVB when studying for banking exams. APGVB stands for Andhra Pradesh Grameena Vikas Bank.
This post includes brief details about the vision of the bank as well as its organizational structure, headquarters, and controlling offices in addition to the APGVB full form. Apart from knowing the full form of APGVB, applicants will find that comprehending these things will aid them in their study preparation for bank exams.
Table of content
APGVB is an Indian rural bank headquartered in Warangal, India, which was established on March 31, 2006, under the Regional Rural Banks Act of 1976. APGVB’s objective is to become rural India’s preferred bank for growth and change. Its mission is to serve as a financial hub, thereby bringing sustainable financial and technological solutions to the rural population. Respect for systems and procedures, good governance, transparency, compassionate service, ethics, and teamwork and people focus are among its values.
APGVB is active in 21 Telangana districts and 3 Andhra Pradesh districts. With 775 branches and 1,526 Bank Mitra points in 2 states, it is one of the leading banks serving rural areas. Out of 775 branches, 500, or 64%, are located in rural areas.
Organizational Structure Of APGVB
Candidates should know a few additional crucial components about the bank’s organizational structure after understanding the full form of APGVB. When compared to the APGVB full form, these details are just as crucial, if not more so.
|
Name |
Position |
|
Shri K. Praveen Kumar |
Chairman |
|
Smt. K. Anuradha |
Assistant General Manager |
|
Shri Subhash Seraphim |
Deputy General Manager |
|
Shri P. M. Patro |
Deputy General Manager |
Headquarters of APGVB
APGVB is a regional rural bank that was founded in 2006 by merging the following institutions under an act of Parliament:
- Manjeera Grameena Bank (Medak)
- Sangameshwara Grameena Bank (Mahabubnagar)
- Kakatiya Grameena Bank (Warangal)
- Nagarjuna Grameena Bank (Khammam and Nalgonda)
- Sri Visakha Grameena Bank (Visakhapatnam, Vizianagaram, and Srikakulam)
It is sponsored by the State Bank of India and has its headquarters in Hanamkonda, Warangal (urban district). It operates in 21 Telangana districts and 3 Andhra Pradesh districts.
Controlling Offices of APGVB
As listed below, APGVB has 11 controlling offices, 7 in Telangana, and 4 in Andhra Pradesh:
|
Telangana |
Andhra Pradesh |
|
Kothagudem |
Parvathipuram |
|
Khammam |
Visakhapatnam |
|
Mahabubnagar |
Vizianagaram |
|
Ashoknagar |
Srikakulam |
|
Nalgonda |
|
|
Warangal |
Services Offered by APGVB
- NEFT, RTGS, and IMPS
- Agricultural loans
- Personal loans
- Small business and service loans
- Fixed deposits
- Mortgage loans
- Access to ATM services
- Personal loans
- Internet and mobile banking
- Education loans
- Insurance
- Safe deposit lockers
That was all about APGVB full form, its organizational structure, headquarters, and services. We hope that this article has been helpful to anyone who is trying to figure out what is the full form of APGVB as well as brief details about the bank. Apart from the APGVB full form, aspirants will be better prepared for the exam if they are familiar with the brief history and a few key characteristics of LVB bank, such as those listed above. If you have any additional questions about what is the full form of APGVB, please contact us and we will gladly assist you.
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