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The Reserve Bank of India (RBI) has shifted its Andhra Pradesh Regional Office operations from Hyderabad to Vijayawada, signalling a stronger institutional presence within the state. The new office was inaugurated by Deputy Governor T Rabi Sankar, and will house key departments such as Integrated Banking, Financial Inclusion, Foreign Exchange, and Supervision. Several administrative and support units will also operate from the new location. However, the Hyderabad office will continue handling currency management for the state. Attah Omar Basheer has been appointed as the Regional Director to lead the Vijayawada office.
The Reserve Bank of India (RBI) has announced the relocation of its Andhra Pradesh Regional Office from Hyderabad to Vijayawada, marking a strategic shift aimed at strengthening its administrative and operational footprint within the state. Advertisement
This development was formalised with the inauguration of the new regional office by RBI Deputy Governor T Rabi Sankar, as mentioned in a release issued by the central bank. The Vijayawada facility is now the central hub for several core functions of the RBI in Andhra Pradesh, accommodating departments such as the Integrated Banking Department (IBD), Financial Inclusion and Development Department (FIDD), Foreign Exchange Department (FED), and Department of Supervision (DoS).
In addition to these, other critical units including the Human Resource Management Department (HRMD), Centralised Establishment Section (CES), Rajbhasha Cell, Audit Budget and Control Cell (ABCC), Department of Information Technology Cell (DIT), and Protocol & Security Establishment (P&SE) are also now operational from the Vijayawada premises.
Despite the transition, the RBI has clarified that currency management for Andhra Pradesh will continue to be handled by its Hyderabad office, which previously served as the operational base for the regional office.
The newly relocated office in Vijayawada will be led by Regional Director Attah Omar Basheer, who will oversee its overall administration and regulatory functions.
Notably, the central bank's decision aligns with ongoing efforts to decentralise regulatory functions and enhance accessibility to financial services and oversight mechanisms across emerging urban centres in India. Vijayawada, a key city in Andhra Pradesh's growth corridor, has increasingly become significant in terms of administrative and financial relevance following the bifurcation of the state and the creation of Telangana.
While currency operations remain anchored in Hyderabad, Vijayawada's elevation within RBI's institutional map signals the city's growing importance in Andhra Pradesh's administrative framework and the central bank?s strategic planning for enhanced reach and efficiency.
Source - PTI
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