CHAIRMAN

SGB Chairman

Shri A S N Prasad

(On Deputation from Indian Bank)


GENERAL MANAGER

SGB General Manager

Shri D Prabaharan

(On Deputation from Indian Bank)



  SGB History


About the Bank:

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.

Operational Area:

Bank’s Operational area is spread over across Chittoor, Annamayya, NTR, Eluru, Tirupati and Krishna districts in the state of Andhra Pradesh.

Branch Network:

The Bank is having 246 branches (68 branches in Chittoor district, 52 branches in NTR district, 47 branches in Tirupati district, 36 in Krishna district, 31 branches in Annamayya district and 12 branches in Eluru district). Of the 246 branches, 166 branches are in Rural, 59 are in semi-urban and 21 branches are in Urban areas.

** Urban-Rural classification based on 2011 census

Share Capital:

The Authorized Capital of Bank is Rs. 2,000 Cr divided into 200 Cr Shares of Rs. 10/- each. The Paid Up Capital of the Bank as on 31.03.2023 is Rs. 17.77 Cr. The contribution of share capital is from Government of India, Indian Bank and Government of Andhra Pradesh as follows:

  • Government of India (50%) - Rs. 8.885 Cr.
  • Indian Bank (35%) - Rs. 6.220 Cr.
  • Government of Andhra Pradesh (15%) - Rs. 2.665 Cr.

  Vision


“Striving for Rural Prosperity with Financial Inclusion”


  Mission


  • Bringing Best Banking Products suitable to our customers
  • Expanding Delivery of Banking Services through Digital Channels
  • Extending Geographical horizon in the unbanked areas
  • Engage, Empower & Expand (EEE) our Human Resources

  Key Objectives


  • To Introduce Banking Services in the unbanked / untapped rural in the command area.
  • To continuously spread Financial Literacy to ensure achievement of Government’s Mission.
  • To adopt a “Fair & Transparent Rural Lending” Process.
  • To enhance profitability of the bank with enhanced work culture, with a dedicated staff strength.

  Board of Directors


SGB Chairman

Shri A S N Prasad

CHAIRMAN
(23-08-2021 to Present)


M Venkatesan

Shri M Venkatesan

General Manager,
FI & RBD
Indian Bank, Chennai.
(12-02-2024 to 11-02-2026)


S Viswanathan

Shri S.Viswanathan

CEO-Mid Corporate,Indian Bank,Chennai
(06-08-2024 to 05-08-2027)


Suryakumar Arunkumar Balla

Shri Suryakumar Arunkumar Balla.,

AGM-RBI,DoS,Hyderabad.
(28-08-2024 to 27-08-2026)




Shri M S R Chandra Murthy

Deputy General Manager
NABARD, Amaravathi Cell.
(20-08-2024 to 19-08-2026)


M C Venkatanath

Shri M C Venkatanath, FCA

Govt. of India Nominee
(27-04-2023 to 26-04-2026)


J NIVAS

Shri J.NIVAS

Additional Secretary to Government, Finance


SUMIT KUMAR

Shri SUMIT KUMAR, IAS.,

Collector & District Magistrate, Chittoor.


Designed by Yaswanth Gupta Bondada & Raghav Vellore