Move to relocate APGB office triggers resentment in Andhra
1 month ago

Move to relocate APGB office triggers resentment in Andhra

New Indian Express  

KADAPA: The Central government’s decision to relocate the Andhra Pragathi Grameena Bank headquarters from Kadapa to Amaravati has triggered widespread protests across Kadapa and surrounding districts. Stakeholders argue that the move undermines local employment opportunities and disrupts financial services in the economically backward Rayalaseema region. The relocation is part of the Centre’s ‘One State-One Regional Rural Bank ’ policy, aimed at merging Andhra Pradesh’s four rural banks—APGB, Chaitanya Godavari Grameena Bank, Saptagiri Grameena Bank, and Andhra Pradesh Vikas Grameena Bank—into a single entity. Established in 2006, APGB’s Kadapa head office manages a business volume of Rs 46,344 crore, making it one of the largest RRBs in India.

Bank  office  bank  triggers  rural  resentment  apgb  andhra  kadapa  grameena  relocate  state  head  business  governments

History of this topic

Andhra Pradesh approves Rs 24,276 crore for Amaravati infrastructure projects
6 days, 15 hours ago

Andhra Pradesh approves Rs 24,276 crore for Amaravati infrastructure projects

India Today  

The Andhra Pradesh Capital Region Development Authority, chaired by Chief Minister N Chandrababu Naidu, has approved infrastructure projects worth Rs 24,276 crore for the development of greenfield capital Amaravati, Municipal Minister P Narayana announced on Monday. "The 43rd CRDA meeting approved Rs 24,276 crore funds for the construction of trunk roads, layouts, and iconic bhavans in Amaravati capital," he stated. …

Employees’ associations urge Kishan to retain APGB headquarters in Kadapa
4 weeks, 1 day ago

Employees’ associations urge Kishan to retain APGB headquarters in Kadapa

New Indian Express  

KADAPA: Employee associations of Andhra Pragathi Grameena Bank on Saturday have made an appeal to Union Minister G Kishan Reddy, urging him to retain the bank’s headquarters in Kadapa, as the Union government moves forward with the merger of four regional banks in Andhra Pradesh. The decision to relocate APGB headquarters in Kadapa comes in wake of the Union government’s …

APCRDA to sign agreement with World Bank, ADB for Amaravati capital city loan
1 month, 1 week ago

APCRDA to sign agreement with World Bank, ADB for Amaravati capital city loan

Hindustan Times  

In yet another step towards construction of Andhra Pradesh capital city of Amaravati, senior officials of the AP Capital Region Development Authority on Tuesday held negotiations with the representatives of the World Bank and the Asian Development Bank in New Delhi to sign an agreement for securing a loan of US $1.786 bn for the project, people familiar with the …

Discover Related