Andhra Pradesh State Cooperative Bank

What Andhra Pradesh State Cooperative Bank does

Andhra Pradesh State Cooperative Bank (APCOB), legal entity The Andhra Pradesh State Co-Operative Bank Ltd., is a scheduled state cooperative bank headquartered in Vijayawada, Andhra Pradesh, India. It was established on August 4, 1963 under the Andhra Pradesh Cooperative Societies (APCS) Act, 1949, and has been included in the second schedule of the Reserve Bank of India Act since July 16, 1966, conferring scheduled-bank status. The bank operates at the apex of a three-tier cooperative structure, providing refinance to District Co-operative Central Banks (DCCBs), which in turn serve Primary Agricultural Cooperative Societies (PACs) and the farming community through crop loans (short term) and long-term agricultural loans. APCOB is registered with DICGC for deposit insurance and has consistently maintained 'A' Category audit classification for over six decades.

APCOB's product and technology footprint spans deposits (Savings, Current, Salary, Fixed Deposit, Recurring Deposit, Special Deposit Schemes), retail loans (Housing at 9%, Mortgage at 12%, Gold at 8.9%, Business at 11%, Education, and Government-scheme access), and digital banking services including a mobile banking app on iOS and Android, net banking at inb.apcob.bank.in, UPI, IMPS, RTGS, NEFT, and a Positive Pay cheque-authentication system. Additional services include e-stamping, locker facilities, insurance, and Perpetual Debt Instruments (PDIs) for individual and institutional investors. Underpinning technology is the Cobnet cooperative banking network, which integrates APCOB with affiliated DCCBs and PACs, and the APCOB Cooperative Training Institute (CTI) for capacity building.

The bank's business model is built on net interest margin from lending and deposit-taking, augmented by transaction fees on digital payments, processing charges on loans (notably low processing fees on education loans with no collateral up to ₹5 lakhs), and fees from ancillary services such as lockers, e-stamping, and insurance distribution. Customer segments comprise farmers and the agricultural community (primary), District Co-operative Central Banks (DCCBs) as institutional refinance counterparties (primary), and general retail banking customers seeking savings, loans, and digital payment services in Andhra Pradesh. The bank serves lakhs of customers through a hybrid segmentation approach that combines physical branches, digital self-serve channels, and the cooperative distribution network. Marketing channels include the official website (apcob.bank.in), mobile app-store listings, digital payment campaigns, and RBI financial literacy programs.

Name

Andhra Pradesh State Cooperative Bank

Legal name

The Andhra Pradesh State Co-Operative Bank Ltd.

Website

https://apcob.org

Company type

Private

Founded year

1963

Operating status

Operating

Headcount range

251–500 employees

Short description

APCOB is a scheduled state cooperative bank in Andhra Pradesh, India, founded in 1963, providing refinancing to district cooperative banks and serving farmers and retail customers with deposits, loans, and digital banking services.

Ownership category

akta.pro rank

Product category

Cooperative Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks) (FSABAEAG)

akta.pro secondary industries

Federations/Centrals & Cooperative Banking Networks (2nd-Tier Co-ops) (FSABAEAL), Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)

Keywords

• Cooperative banking services
• Agricultural credit refinance
• Deposit and loan products
• Digital payment services
• Rural banking network

Headquarters

HQ city

Vijayawada

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Revenue model

1. Interest Income from Loans: Primary revenue from interest charged on various loan products including housing loans (9%), gold loans (8.9%), business loans (11%), mortgage loans (12%), and education loans. Provides refinance to DCCBs for crop loans (short term) and long term loans for agricultural capital investment.
2. Deposit Interest: Interest paid to depositors on savings accounts (3.75-5% rate), fixed deposits, recurring deposits, and special deposit schemes
3. Digital Banking Services: Revenue from digital transaction services including UPI, IMPS, RTGS, NEFT transfers, mobile banking, and locker facilities
4. Processing Charges and Fees: Processing charges on loans including education loans with low processing charges, and various service charges for banking operations

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Andhra Pradesh State Cooperative Bank (APCOB) is a Scheduled State Cooperative Bank providing deposit products (savings, current, salary, fixed and recurring deposits), loan products (housing, mortgage, gold, education, business, and government scheme loans), and digital banking services (mobile banking, UPI, IMPS, RTGS, NEFT, internet banking, positive pay). It also acts as a refinancing institution to District Co-operative Central Banks (DCCBs) that serve Primary Agricultural Cooperative Societies (PACs) and farmers across Andhra Pradesh.

Product overview

Andhra Pradesh State Cooperative Bank (APCOB) operates as a multi-product financial institution offering deposit products, loan products, and digital banking services. The deposit portfolio includes Savings Account, Current Account, Salary Account, Fixed Deposit, Recurring Deposit, and Special Deposit Schemes. The loan portfolio encompasses Housing Loan, Mortgage Loan, Gold Loan, Education Loan (including APCOB ABHYAS scheme), Business Loan, and Government Schemes access. Digital banking services include Mobile Banking (available on Android and iOS), Internet Banking, UPI Services, IMPS, RTGS, NEFT, and Positive Pay fraud prevention. Additional services comprise E-Stamping, Locker Facility, and Insurance products. The bank also offers Perpetual Debt Instruments (PDIs) for investors. APCOB primarily serves the agricultural and rural community through its cooperative banking network, providing both traditional branch-based services and modern digital payment solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Savings Account

Quantifiable outcome

• 60+ years of continuous profitability
• +2 more outcomes

Named customers2 records

Segments3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and flagship.

• CobnetcoreTechnology or IntegrationCooperative banking network system that connects APCOB with affiliated cooperative institutions for operational integration and information sharing.
• APCOB-CTI (APCOB Cooperative Training Institute)coreStrategic or Co-development PartnerTraining center for APCOB staff and cooperative members, providing skill development and capacity building for the cooperative banking ecosystem.
• NAFSCOB (National Federation of State Cooperative Banks)flagshipChannel Partner/ Reseller/ DistributorNational federation representing state cooperative banks. APCOB was awarded 2nd prize for best performance under 3-tier structure by NAFSCOB.
• Reserve Bank of IndiacoreOthersRegulatory authority. APCOB is a Scheduled State Cooperative Bank included in the second schedule of the RBI Act since 16th July, 1966. Subject to RBI supervision and regulation.
• DICGC (Deposit Insurance and Credit Guarantee Corporation)coreOthersDeposit insurance corporation. APCOB is registered with DICGC providing deposit insurance protection to depositors.
• District Co-operative Central Banks (DCCBs)flagshipChannel Partner/ Reseller/ DistributorDistrict-level cooperative banks in the 3-tier structure. APCOB provides refinance to DCCBs for crop loans (short term) and long term loans for capital investment in agriculture.

Scale indicators4 records

Recent moves5 records

Expansion highlights6 records

Regional players

• Indian Bank: Public-sector bank with a strong presence in Andhra Pradesh and significant agricultural and retail banking franchise in the region. Direct regional competitor for deposits, loans, and digital customers in APCOB's home market.
• Andhra Pradesh Grameena Vikas Bank: Regional rural bank sponsored by SBI operating exclusively in rural Andhra Pradesh. Highly comparable geography and rural/agricultural customer base, though funded and sponsored differently than a cooperative apex bank.

Others

• NAFSCOB (National Federation of State Cooperative Banks): National-level federation of state cooperative banks to which APCOB belongs. NAFSCOB is not a competitor but an ecosystem participant providing representation, training, and coordination that directly affects APCOB's operating environment.
• National Housing Bank: Apex housing finance institution that provides refinance to housing lenders including cooperative banks. NHB is adjacent rather than directly competitive, but its refinance programs support APCOB's housing loan product.

Direct peers

• Kerala State Cooperative Bank: State cooperative bank in Kerala with a parallel 3-tier cooperative banking mandate, agricultural lending focus, and member-owned structure. Comparable scale, regulatory status, and product offerings to APCOB.
• Karnataka State Cooperative Apex Bank: State-level cooperative apex bank in Karnataka operating a 3-tier cooperative structure analogous to APCOB, providing agricultural refinance to DCCBs and direct banking services. Closely comparable mandate, customer base, and regulatory framework.
• Tamil Nadu State Apex Cooperative Bank: Apex state cooperative bank for Tamil Nadu, similarly structured around cooperative refinance and agricultural lending. Direct geographic and functional peer given the same regulatory framework and southern-India context.
• Maharashtra State Cooperative Bank: Apex state cooperative bank in Maharashtra performing an identical role to APCOB — providing refinance to DCCBs, serving agricultural and cooperative customers, and operating under RBI scheduled status. Directly comparable in structure, mandate, and product set.

Broad incumbents

• State Bank of India: India's largest commercial bank and a dominant retail/agricultural lender. SBI is a broad incumbent that competes with APCOB across deposits, loans, and digital banking in AP and nationally, though it serves a far broader portfolio of customers.
• NABARD (National Bank for Agriculture and Rural Development): India's apex development bank for agriculture and rural finance. NABARD provides refinance to state cooperative banks including APCOB, making it both a counterparty and a broader incumbent shaping the same rural credit ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/APCOB3
• Facebookfacebook.com/AP.StCB
• LinkedInlinkedin.com/company/apstcb

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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