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User:Vijethnbharadwaj/Pragathi Gramin Bank

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Vijethnbharadwaj/Pragathi Gramin Bank
Company typeBank
IndustryBanking, Insurance, Capital Markets and allied industries
PredecessorSahyadri, Chitradurga, Tungabhadra and Kolar Gramin Banks
Founded12 September 2005;
19 years ago
 (2005-09-12)
Defunct23 August 2013 (2013-08-23) amalgamated with Karnataka Gramin Bank
SuccessorPragathi Krishna Gramin Bank
Headquarters
Number of locations
Raichur, Koppal, Bellary, Vijayanagara, Chitradurga, Davanagere, Shimoga, Kolar and Chikkaballapura
Area served
Karnataka
ProductsDeposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes
ServicesLoans, Deposits, ATM Services, National Electronic Fund Transfer (NEFT), Debit Card[1]
ParentCanara Bank (35%)
Websitepragathigrameenabank.com or pragathigraminabank.com or pragatigraminbank.com

Pragathi Gramin Bank was a Regional Rural Bank established under Regional Rural Banks' Act 1976, was a Scheduled Bank jointly owned by Government of India, Canara Bank and Government of Karnataka (share capital contributed in the ratio of 50:35:15 respectively), permitted to carry all kinds of banking business. The Bank was operating in 9 districts of Karnataka, having its Head Office at Ballari.[2][3][4]

Pragathi Krishna Gramin Bank with Head Office at Bellary was started on 23rd August 2013 with the amalgamation of 2 RRBs viz, Canara Bank Sponsored Pragathi Gramin Bank (Headquarted at Bellary) and erstwhile State Bank of India Sponsored Krishna Grameena Bank (Headquarted at Kalaburagi).[5] The Bank was formed as per gazette Notification of Government of India No. F1/5/2011- RRB (Karnataka) dated 23 August 2013.[6][7]

History

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Year - event

See also

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References

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  1. ^ [1][dead link]
  2. ^ "Pragathi Gramin Bank - Branches, ATMs, IFSC Codes, MICR Codes, Swift Codes". www.getbankcode.com. Retrieved 2021-12-21.
  3. ^ https://rbidocs.rbi.org.in/rdocs/publications/pdfs/84656.pdf
  4. ^ Bhattacharjee, Subhomoy (2019-09-07). "The largest rewrite of the banking history and merger's cultural traps". Business Standard India. Retrieved 2021-12-22.
  5. ^ Vinayak, A. J. "2 RRBs in Karnataka to be amalgamated". @businessline. Retrieved 2021-10-10.
  6. ^ "Two rural banks merged". Deccan Herald. 2013-08-25. Retrieved 2021-12-21.
  7. ^ "Karnataka RRBs merged post ministry notification". The Economic Times. Retrieved 2021-12-21.
  8. ^ Vinayak, A. J. "2 RRBs in Karnataka to be amalgamated". @businessline. Retrieved 2021-10-10.
  9. ^ "Wipro Implements Core Banking Solution for Canara Bank sponsored Regional Rural Bank (RRB)". BW SC. Retrieved 2021-10-10.
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Category:Regional rural banks of India Category:Banks based in Karnataka Category:Companies based in Ballari Category:Banks established in 2005 Category:Indian companies established in 2005 Category:2005 establishments in Karnataka Category:Banks disestablished in 2013 Category:Indian companies disestablished in 2013 Category:2013 disestablishments in Karnataka