CURRENT AFFAIRS

Detailed explanation-1: -Canara HSBC OBC Life Insurance & Andhra Pragathi Grameena Bank Entered into a Strategic Partnership through VC to Offer Life Insurance.

Detailed explanation-2: -Brief Information: Andhra Pragathi Grameena Bank came into existence from 01.06. 2006 by amalgamating Rayalaseema Grameena Bank, Sri Anantha Grameena Bank and Pinakini Grameena Bank consequent upon the Government of India Notification dt. 01.06.

Detailed explanation-3: -Due to the merger of SBI Associate Banks with State Bank of India, the bifurcation process of APGVB was interrupted. However, now the process of amalgamation with SBI has completed.

Detailed explanation-4: -Andhra Pragathi Grameena Bank is an Indian Regional Rural Bank based in Andhra Pradesh, India. It was founded in 2006 as a Scheduled Commercial Bank under the Regional Rural Banks Act of 1976 to provide banking services in Rayalaseema and Coastal Andhra. It is owned by the Ministry of Finance, Government of India.