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The Government of India enacted the Regional Rural Banks Act in 1976, which led to the establishment of the first five RRBs on 2 October 1975. The first RRB was Prathama Bank, which was sponsored by Syndicate Bank and had its headquarters in Moradabad, Uttar Pradesh. The area of operation is limited to the area notified by the government of ...
In 1975, it established the first Regional Rural Bank (RRB) of India, Prathama Bank, in Moradabad, Uttar Pradesh. [4] In 1976, Syndicate Bank sponsored the establishment of Malaprabha Grameena Bank in Dharwad, Karnataka. In 1983, Bijapur Grameena Bank was sponsored by Syndicate Bank, headquartered in Bijapur. [5]
Amalgamation of Gramin Bank of Aryavart and Allahabad UP Gramin Bank in Aryavart Bank on 1 April 2019. Amalgamation of Prathama Bank and Sarva UP Gramin Bank in Prathama UP Gramin Bank on 1 April 2019. Amalgamation of Purvanchal Bank, Kashi Gomti Samyut Gramin Bank and Baroda UP Gramin Bank in Baroda UP Bank on 1 April 2020. [6]
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India’s commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs.
Prathama UP Gramin Bank was created on 1 April 2019 by the amalgamation of two regional rural banks in Uttar Pradesh: [1]. Prathama Bank; Sarva UP Gramin Bank; The creation of Prathama UP Gramin Bank took place under Sub-Section (1) of Section 23A of the Regional Rural Bank Act, 1976 (21 of 1976).
Uttar Bihar Gramin Bank is a regional rural bank (RRB) in the State of Bihar, India. [1] It is under the ownership of Ministry of Finance, Government of India. It is one of the largest regional rural banks in India in terms of branch network, staff strength and area of operation. [2] [3]
The Allahabad Bank, established in 1865 and still functioning today, is the oldest Joint Stock bank in India, it was not the first though. That honour belongs to the Bank of Upper India, which was established in 1863 and survived until 1913, when it failed, with some of its assets and liabilities being transferred to the Alliance Bank of Simla.
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.