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A review of the RRBs in August 2009 by the Union Finance Minister revealed that a large number of RRBs had a low Capital to Risk weighted Assets Ratio (CRAR). A committee was constituted in September 2009 under the chairmanship of K C Chakrabarty, [4] the deputy governor of the Reserve Bank of India (RBI) to analyse the financials of the RRBs and suggest measures, including re-capitalisation ...
Maharashtra Gramin Bank [1] is an Indian Regional Rural Bank (RRB) or Gramin bank, in the State of Maharashtra with its head office is in Aurangabad. It is one of the 43 Gramin banks in India supported by the government that aim to bring banking services to rural areas. It is under the ownership of Ministry of Finance, Government of India.
The bank was created from the amalgamation of Uttar Bihar Kshetriya Gramin Bank and Kosi Kshetriya Gramin Bank(transferor regional rural banks) by Government of India in 1976 as per Gazette Notification issued by the Indian Ministry of Finance under Sub-Section (1) of Section 23 A of the Regional Rural Bank Act, 1976 (21 of 1976). [4]
The bank is jointly owned by the central and state governments and sponsored by the Indian Bank. It is under the ownership of the Ministry of Finance , Government of India . Tamil Nadu Grama Bank was formed on 1 April 2019 by the amalgamation of the erstwhile Pallavan Grama Bank and Pandyan Grama Bank, as per GOI Gazette Notification No. 363 ...
Uttarakhand Gramin Bank is a regional rural bank in India.It is sponsored by State Bank of India established under RRB Act 1976 came into existence on 1 Nov 2012 after amalgamation of erstwhile RRB viz. Uttaranchal Gramin Bank and Nainital Almora Kshetriya Gramin Bank in Uttarakhand State.
The Aryavart Bank (AB) is an Indian Regional Rural Bank (RRB) in Uttar Pradesh established on 1 April 2019. [1] The bank was formed by the amalgamation of Gramin Bank of Aryavart and Allahabad UP Gramin Bank. It currently has 1365 branches and 22 regional offices [2] in rural areas of Uttar Pradesh.
Previously PUPGB was Sarva UP Gramin Bank (SUPGB). SUPGB was created in 2013 by amalgamation of 4 RRBs viz. Uttar Pradesh Gramin Bank Meerut, Kisan Gramin Bank Budaun, Rani Laxmi Bai Kshetriya Gramin Bank Jhansi and Devipatan Kshetriya Gramin Bank Gonda under subsection (1) of section 23 A of Regional Rural Bank Act, 1976.
These programs aim to address various challenges faced by rural communities in India. [14] Women World Banking: In a bid to enhance financial inclusion, the National Bank for Agriculture and Rural Development (NABARD) and Women's World Banking entered into a Memorandum of Understanding (MoU) to promote the Jan Dhan Plus program through Regional ...