Department of Financial Services, Government of India under the Phase-IV Amalgamation of Regional Rural Banks for ONE STATE – ONE RRB vide their communication F.No.15/15/2015(E)- RRB dated 13-11-2024 has decided to merge the 493 branches of Andhra Pradesh Grameena Vikas Bank (APGVB) located in Telangana state with 435 branches (including service branch) of Telangana Grameena Bank (TGB), head quartered at Hyderabad, with effect from 01.01.2025 constituting the total of 928 Branches (including service branch) of Telangana Grameena Bank fully operating in all over Telangana State (33 districts) under the sponsorship of State Bank of India (SBI).
Before to the amalgamation of APGVB TG region branches, erstwhile TGB bank information is as follows :
The Govt. of India vide its gazette No.SO.2718(E) dated 20th October, 2014 amending the notification of Government of India, Ministry of Finance,DFS.No.SO.385(E) dated 24th March, 2006 changed the name of “Deccan Grameena Bank” as “Telangana Grameena Bank” covering the area of operation of the Bank in Adilabad,Karimnagar, Nizamabad, Rangareddy, Hyderabad, Warangal, Khammam, Nalgonda, Mahaboobnagar and Medak districts of Telangana state. The bank is now operating in erstwhile five districts only i.e., Adilabad, Karimnagar, Nizamabad, Rangareddy and Hyderabad in the state of Telangana.
After amalgamation of the Associate Banks of State Bank, our sponsor bank has been changed from State Bank of Hyderabad to State Bank of India. The Authorized share capital of the Bank is Rs.2000 Crores. The paid-up capital is Rs.18.07 Crores which is contributed by Government of India, Sponsor Bank i.e. State Bank of India & Government of Telangana in the ratio of 50: 35: 15 respectively
To be the premier RRB in the state providing technologically advanced, committed and quality service in all spheres of banking and be the most trusted bank for rural development.
Providing transparent and efficient Banking Services at a reasonable cost at the doorsteps of our customers by ensuring 100% Financial Inclusion, empowerment of rural customers, promote Self Help Group (SHG) movement with special emphasis on women and earn continuous profits by having a healthy business mix thus becoming a leading Bank in our area of operation.
S.No | Particulars | as on 31/03/2019 | as on 31/03/2020 | as on 31/03/2021 | as on 31/03/2022 | as on 31/03/2023 |
---|---|---|---|---|---|---|
1 | Deposits | 7711.73 | 8992.31 | 10109.15 | 11039.79 | 12610.33 |
2 | Advances | 7051.11 | 8487.97 | 10103.76 | 11272.87 | 12893.00 |
3 | C D Ratio | 91.43% | 94.39% | 99.95% | 102.11% | 102.24% |
4 | Net Profit after tax | 42.87 | 171.10 | 293.96 | 373.16 | 449.37 |
5 | Branch Computerisation | 416 (100% CBS) | 421 (100% CBS) | 424 (100% CBS) | 426 (100% CBS) | 427 (100% CBS) |
Branch Network is spread over 18 districts (Erstwhile 5 districts i.e., Adilabad, Karimnagar, Nizamabad, Rangareddy & Hyderabad) in the state of Telangana.
S.No | Region | No. of branches | Deposits | Advances |
---|---|---|---|---|
1 | Adilabad | 50 | 1738.29 | 1852.44 |
2 | Karimnagar | 56 | 1650.36 | 1548.44 |
3 | Nizamabad | 57 | 1014.04 | 1538.08 |
4 | Hyderabad-I | 53 | 2297.17 | 1233.75 |
5 | Mancherial | 55 | 2507.95 | 2009.62 |
6 | Hyderabad-II | 54 | 1164.21 | 1328.66 |
7 | Jagtial | 51 | 1312.68 | 1537.39 |
8 | Nirmal | 51 | 925.63 | 1844.62 |
9 | Head Office | 0.00 | 0.00 | |
Total | 427 | 12610.33 | 12893.00 |
Click Here For Balance Sheet for the FY : 2022-23 & PNL Statement for the FY : 2022-23
Click Here For Balance Sheet for the FY : 2021-22 & PNL Statement for the FY : 2021-22