The Hyderabad Co-operative Apex Bank Limited, Hyderabad and The Andhra State Co-operative Bank Limited were merged in the year 1963 and formed into The Andhra Pradesh State Co-operative Bank Limited (APCOB), with Head Office at Hyderabad.
Consequent to decision taken by the government for implementation of Single Window Credit Delivery System for delivering both investment and production credit for agriculture through single agency, the Andhra Pradesh Co-operative Central Agricultural Development Bank Limited (APCCADB), which was catering to the needs of Long Term Investment Credit in the then State of Andhra Pradesh, was merged with the APCOB, during the year 1994 for providing both Short Term and Long Term through the APCOB / DCCBs / PACS.
GENESIS OF APEX BANK:
Consequent to the reorganization of the State of Andhra Pradesh and formation of a new State of Telangana in 2014, APCOB is reorganized / reconstituted into two State Co-operative Banks, viz., Telangana State Co-operative Apex Bank Limited (Apex Bank) and the residual APCOB, catering to the needs of Telangana and the residual Andhra Pradesh respectively. Both the SCBs started working independently from 2nd April, 2015.
Telangana State Co-operative Apex Bank Limited, Hyderabad is registered under State Cooperative Societies Act on 26.03.2015 (Registration No.TAB.321) and commenced its business from 2nd April, 2015 onwards.
To be the “Best State Co-operative Bank” in the country, providing effective leadership, guidance, training and refinance support to the Co-operative Credit Structure (CCS) for sustainable growth and all-round development of CCS and also the State of Telangana.
APEX BANK AT A GLANCE:
|Number of Branches under Apex Bank||42|
|Number of ATMs||36 Onsite ATMs
5 ATMS at Metro Stations
1 Mobile ATM
|Number of DCCBs||9|
|Number of Branches under DCCBs||347|
|Number of PACS||799|
|Organisation Chart of Apex Bank||Click here|