Andhra Pragathi Grameena Bank was established on 1st June, 2006 after amalgamation of 3 RRBs namely Rayalaseema Grameena Bank (established on 06.08.1976), Sree Anantha Grameena Bank (established on 01.11.1979) and Pinakini Grameena Bank (established on 11.6.1982). These Regional Rural Banks were established under the provisions of RRB Act, 1976 and consequent to the Government of India Notification dt.01.06.2006, were amalgamated and formed as a new entity called Andhra Pragathi Grameena Bank with its Head Office at Kadapa. The bank is operating in Kadapa, Anantapur, Kurnool, Nellore and Prakasam districts of Andhra Pradesh and having Regional Offices in each District Head Quarters and at Kadiri in Anantapur district. The bank is catering to the needs of rural poor covering Agriculture, Small Industries, Village Artisans, Small business and also catering to the needs of Non Priority sector. The Bank recorded a total business of Rs.10003 crore as on 31.03.2012. The bank is assisting the SHGs in a massive way and financed to more than 130137 SHGs with outstanding SHG advances of Rs.1130.00 crore. The bank is progressing with all-round development and introducing new products to cater the needs of the people in its service area. The Bank is improving customer service by computerizing all its branches. The bank has been propagating innovations in Rural Banking and also has been receptive to new ideas.