Discussion Andhra Pradesh Grameen Vikas Bank (APGVB) merger with Telangana Grameen Bank (TGB) from 1st January 2025

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Andhra Pradesh Grameen Vikas Bank (APGVB) merger with Telangana Grameen Bank (TGB) from 1st January 2025


From January 1, all APGVB branches in Telangana will serve under the name Telangana Grameen Bank. For this, the APGVB bank boards are going to be converted into Telangana Grameen Bank. In the wake of these changes, APGVB services will be suspended in Telangana from 28 to 31 of this month. ATMs, online cash transactions and other bank activities will be completely suspended. To this extent, APGVB Khammam Regional Manager Mohammad Riaz told 'Andhra Jyoti'. From January 1, bank passbooks, vouchers, DDs and cheque books will be issued in the name of Telangana Grameen Bank. Officials said that these bank branches, which have so far been limited to a few districts, will be expanded throughout the state.


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This amalgamation/merger marks the first step of RRB Consolidation.

In March/April these bank names are going to be changed, once RRB consolidation across India (One State-One RRB) comes into effect!
 
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