Saptagiri Grameena Bank has been formed with the merger of Sri Venkateswara Grameena Bank, Chittoor, Chittoor district and Kanakadurga Grameena Bank, Gudivada, Krishna District w.e.f from 01/07/2006 with Head office at Chittoor, Chittoor District, Andhra Pradesh, in terms of Government of India GO dt 29/06/2006.
Bank’s Operational area is spread over across Chittoor and Krishna district in the state of Andhra Pradesh.
The Bank is a having 220 branches ( 134 branches in Chittoor district and 86 branches in Krishna district). Of the 220 branches, 144 branches are in Rural, 56 are in semi-urban and 20 branches are in Urban areas.
** Urban-Rural classification based on 2011 census
In terms of section 5 of RRB Act 1976, the authorized capital of Bank is Rs.500 lakhs divided into 5 lakhs fully paid shares of Rs.100/- each. The paid up capital of the Bank as on 31 03 2008 is Rs.200 lakhs, contributed by Govt of India, Sponsor Bank and Govt of A.P. in the ratio of 50%, 35% and 15% respectively
(On Deputation from Indian Bank)
Shri D Sarath Chand
Asst. General Manager
Reserve Bank Of India
Human Resource Management Dept,
6-1-56, Secratariat Road, Saifabad, Hyderabad-500004.
Shri A Nagesh Kumar
Deputy General Manager
1-1-61, RTC 'X' Roads
Hyderabad - 520004
Rewarded as Best Bank for SHG Finance in Chittoor district for all the years, since inception of the scheme. The Award has been granted to our merged entity. Sri Venkateswara Grameena Bank upto the date of merger in 2006, and now to the amalgamated Bank, since 2007, continuously.
Fully Computerised RRB in the state of Andhra Pradesh.
Winner of ASSOCHAM Award for agricultural banking and priority sector lending at 14th Social Banking Excellence Awards, 2018
Winner of APY Leadership Award from PFRDA for the year 2017 & 2018