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Puduvai Bharathiar Grama Bank (PBGB) (Tamil: புதுவை பாரதியார் கிராம வங்கி) is a regional rural bank headquartered at Puducherry in the Union Territory of Puducherry, India. The bank is jointly owned by Central and Union territory Governments & sponsored by Indian Bank.
Pondicherry Gramin Bank, also known locally as Puduvai Bharathiar Grama Bank [1] (PBGB) is a Regional Rural Bank in the Indian Union Territory of Puducherry. It is the largest bank in Pondicherry in terms of branch network. The bank was established in the year 1980 under the Regional Rural Bank Act, 1976.
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra.It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. [11]
Rank Name of the Bank Year of Founding Year of Closing Fate Headquartered in References [1]; 1: The Madras Bank (1683) 1683: 1843: Merged with the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank to form the Bank of Madras in 1843
Regional rural banks (RRBs) are government owned scheduled commercial banks of India that operate at the regional level in different states of India.These banks are under the ownership of the Ministry of Finance, Government of India, Sponsored Bank and concerned State Government in the ratio of 50:35:15 respectively.
Structured Financial Messaging System (SFMS) is a secure messaging standard developed to serve as a platform for intra-bank and inter-bank applications.It is an Indian standard similar to SWIFT which is the international messaging system used for financial messaging globally.
Puducherry is a Union Territory of India, with four exclaved districts; Puducherry district and Karaikal district (surrounded by the state of Tamil Nadu), Mahé district (surrounded by the state of Kerala) and Yanam district (surrounded by the state of Andhra Pradesh), with Pondicherry district having the largest area and population and Mahe district having the smallest area and population.
Now the bank is an Associate Bank under State Bank Group and the State Bank of India holds 92.33% of shares. [5] The Bank's shares were listed in Bangalore, Chennai, and Mumbai stock exchanges. This bank had 976 branches and 10627 employees (June 2014) and the Bank has 772 branches (79%) in Karnataka State. [ 6 ]