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Syndicate Bank amalgamates 3 RRBs

Special Correspondent

BANGALORE: Syndicate Bank-sponsored three regional rural banks (RRBs) in Andhra Pradesh — Rayalaseema Grameena Bank, Sree Anantha Grameena Bank and Pinakini Grameena Bank — have been amalgamated as Andhra Pragathi Grameena Bank with its headquarters at Kadapa.

The amalgamated entity covers five districts — Anantpur, Kadapa, Kurnool, Prakasam and Nellore — with a network of 332 branches and a total business of Rs. 3,886 crore, a statement from Syndicate Bank said here.

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