APGVB: Andhra Pradesh Grameena Vikas Bank Explained for Students
Students preparing for banking exams, competitive tests, or general knowledge quizzes often encounter the term APGVB and wonder what it stands for. Understanding the APGVB full form, its meaning, and significance can boost your confidence and clarity for exams and interviews. Here, you’ll find a direct explanation, role, key facts, and real-world contexts where this banking acronym is used. The information is structured simply to help you remember essential details quickly and accurately.
| Acronym | Full Form | Main Role |
|---|---|---|
| APGVB | Andhra Pradesh Grameena Vikas Bank | Regional Rural Banking & Development |
APGVB Full Form: Andhra Pradesh Grameena Vikas Bank Explained
The primary keyword here is APGVB full form. APGVB stands for Andhra Pradesh Grameena Vikas Bank. APGVB is a government-owned Regional Rural Bank (RRB) operating mainly in Andhra Pradesh and Telangana. It plays a vital role in providing banking and financial services in rural and semi-urban areas. If you come across the term “APGVB” in any exam, GK quiz, or news, it always refers to Andhra Pradesh Grameena Vikas Bank, unless otherwise specified.
What Does APGVB Mean? Why Is It Important?
APGVB is an RRB, which means it is a type of bank created specifically to develop rural economies and empower farmers, small business owners, and people in villages. Unlike regular commercial banks, APGVB focuses on providing accessible loans, savings accounts, and digital banking to rural regions. This makes APGVB a frequently asked topic in government job examinations, interviews, and for students pursuing banking studies.
Key Facts and Quick Details about APGVB
- Full Name: Andhra Pradesh Grameena Vikas Bank
- Established: 2006, by merging several regional rural banks in Andhra Pradesh
- Ownership: Jointly owned by Government of India, Government of Andhra Pradesh, and State Bank of India (SBI)
- Headquarters: Warangal, Telangana
- Operations: Offers banking services in Andhra Pradesh and Telangana, especially in rural and semi-urban areas
- Main Services: Loans, savings accounts, deposits, digital banking (like Internet and mobile banking), and financial inclusion projects
Why Does APGVB Matter for Students and Exam Aspirants?
Awareness of banking acronyms like APGVB is essential for competitive exams such as IBPS RRB, SBI, SSC, and state government jobs. Questions like “APGVB full form”, “What is APGVB’s role?”, or “Is APGVB a government or private bank?” can appear in exam papers. Knowing this information also helps during group discussions, interviews, and in practical life when you encounter banking services or financial terms.
APGVB in Banking Exams and General Knowledge
Regional rural banks, including APGVB, are common topics for banking exam preparation. The full form of APGVB, its functions, types of ownership, and its differences from other rural banks are all relevant areas to focus on for your quick revision.
APGVB: Origin and Regional Impact
APGVB was set up in 2006, following a merger of five regional rural banks: Sri Visakha Grameena Bank, Nagarjuna Grameena Bank, Sangameswara Grameena Bank, Manjira Grameena Bank, and Kakathiya Grameena Bank. This consolidation aimed to strengthen rural banking reach and efficiency. APGVB now operates across Andhra Pradesh and Telangana, playing a critical role in agricultural lending, rural development, and government welfare schemes.
Is APGVB Government or Private?
APGVB is a government-owned bank under the Regional Rural Banks Act. Its shareholding includes the Central Government, the State Government (Andhra Pradesh), and the State Bank of India as the sponsor bank. This makes APGVB a public sector institution focused on social banking and financial inclusion for rural families.
Examples and Contexts Where APGVB Is Used
- Opening a rural savings or current account in Andhra Pradesh or Telangana
- Applying for a farmer or crop loan through a government-backed scheme
- Answering banking and government job interview questions
- Preparing for GK sections in IBPS, SSC, or APPSC exams
- Understanding differences between commercial and rural banks in academic studies
APGVB vs. Other Regional Rural Banks (RRBs)
| Bank | Region/Coverage | Sponsor Bank | Ownership |
|---|---|---|---|
| APGVB | Andhra Pradesh, Telangana | State Bank of India | Central Govt, State Govt, SBI |
| APGB | Andhra Pradesh (different districts) | Andhra Bank | Central Govt, State Govt, Sponsor Bank |
| Telangana Grameena Bank | Telangana | State Bank of India | Central Govt, State Govt, SBI |
Related Banking Terms You Should Know
APGVB’s role in digital and rural banking often connects with other terms such as NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), ATM services, IFSC codes, and even leading banks like ICICI and HDFC. Learning these acronyms helps you tackle broader banking questions in exams or real-life transactions.
How Does APGVB Help in Rural Development?
By offering affordable loans, savings schemes, and financial literacy programs, APGVB plays a key role in uplifting low-income families, farmers, and entrepreneurs. The bank’s efforts in financial inclusion make it a crucial tool for regional progress and government welfare initiatives.
Page Summary
You have learned that the APGVB full form is Andhra Pradesh Grameena Vikas Bank. This government regional rural bank supports banking and economic growth in Andhra Pradesh and Telangana, mainly in rural settings. You discovered its origin, role, exam relevance, and differences from similar banks. Understanding APGVB is helpful for banking exams, interviews, and daily knowledge. Explore more related terms on Vedantu using internal links for NEFT, RTGS, ATM, IFSC, and others to boost your banking awareness and secure better exam scores.
FAQs on What is the Full Form of APGVB?
1. What is the full form of APGVB?
APGVB stands for Andhra Pradesh Grameena Vikas Bank. It's a regional rural bank crucial for understanding banking concepts in competitive exams and general knowledge quizzes.
2. Is APGVB a government or private bank?
APGVB is a regional rural bank (RRB) in India. RRBs are jointly owned by the central government, sponsoring banks, and state governments. Therefore, APGVB is considered a public sector bank, not a private entity.
3. Where is the headquarters of Andhra Pradesh Grameena Vikas Bank located?
The head office address of Andhra Pradesh Grameena Vikas Bank (APGVB) is not explicitly mentioned in the provided text. To find this information, you should refer to the official APGVB website or other reliable sources.
4. Who is the current chairman of APGVB?
The provided text does not specify the current chairman of APGVB. For up-to-date information, please refer to official bank publications or credible financial news.
5. What services does APGVB offer?
APGVB, as a regional rural bank, provides a range of banking services focused on rural areas. These typically include: deposit accounts (savings, current, fixed), loan products (agricultural, personal, etc.), remittance services (NEFT, RTGS), and ATM access. Specific offerings are best checked on their official website.
6. Has APGVB merged with another bank?
The provided text doesn't confirm a merger for APGVB. Any information about past or future mergers must be verified from official bank statements or reliable financial news sources.
7. What year was APGVB established?
The provided text lacks the establishment date for APGVB. You should consult official bank documents or financial history resources to find the correct founding year.
8. How many branches does APGVB have?
The exact number of APGVB branches is not detailed here. Check the official APGVB website or other reliable sources for the most current branch network information.
9. Is APGVB mentioned in banking exams?
Yes, APGVB (Andhra Pradesh Grameena Vikas Bank) is frequently mentioned in banking exams as an example of a Regional Rural Bank (RRB) in India. Understanding its role in the Indian banking system is relevant for exam preparation.
10. What is the full form of APGVB in Telugu?
While the English full form is Andhra Pradesh Grameena Vikas Bank, the exact Telugu translation isn't provided. You can use online translation tools or consult Telugu-language resources for an accurate translation.
11. What is the APGVB customer care number?
The provided text does not include the APGVB customer care number. This information can be obtained from the official APGVB website or other reliable sources.
12. Does APGVB offer mobile banking?
It's likely that APGVB offers mobile banking services, given its status as a modern bank. However, the details of their mobile banking app or service should be verified through the official website or customer support.
