Pragathi Gramin Bank
| Company type | Bank |
|---|---|
| Industry | Banking, Insurance, Capital Markets and allied industries |
| Predecessor | Sahyadri, Chitradurga, Tungabhadra and Kolar Gramin Banks |
| Founded | 12 September 2005 |
| Defunct | 23 August 2013 amalgamated with Karnataka Gramin Bank |
| Successor | Pragathi Krishna Gramin Bank |
| Headquarters | |
Number of locations | Raichur, Koppal, Bellary, Vijayanagara, Chitradurga, Davanagere, Shimoga, Kolar and Chikkaballapura |
Area served | Karnataka |
| Products | Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes |
| Services | Loans, Deposits, ATM Services, National Electronic Fund Transfer (NEFT), Debit Card[1] |
| Parent | Canara Bank (35%) |
| Website | pragathigrameenabank |
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 23 August 2013 with the amalgamation of 2 RRBs viz, Canara Bank Sponsored Pragathi Gramin Bank (Headquartered at Bellary) and erstwhile State Bank of India Sponsored Krishna Grameena Bank (Headquartered 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[edit]
Year - event
- 1976 - Tungabhadra Gramin Bank established on 25 Jan
- 2005 - Pragathi Gramin Bank formed on 12 Sep
- 2013 - The Bank was amalgamated with Krishna Grameena Bank to form Pragathi Krishna Gramin Bank, on 23 August (Headquartered at Ballari).[8][9]
See also[edit]
References[edit]
- ^ "Performance Highlights". Archived from the original on 1 August 2015. Retrieved 21 December 2021.
- ^ "Pragathi Gramin Bank - Branches, ATMs, IFSC Codes, MICR Codes, Swift Codes". www.getbankcode.com. Retrieved 21 December 2021.
- ^ https://rbidocs.rbi.org.in/rdocs/publications/pdfs/84656.pdf [bare URL PDF]
- ^ Bhattacharjee, Subhomoy (7 September 2019). "The largest rewrite of the banking history and merger's cultural traps". Business Standard India. Retrieved 22 December 2021.
- ^ Vinayak, A. J. (7 February 2019). "2 RRBs in Karnataka to be amalgamated". @businessline. Retrieved 10 October 2021.
- ^ "Two rural banks merged". Deccan Herald. 25 August 2013. Retrieved 21 December 2021.
- ^ "Karnataka RRBs merged post ministry notification". The Economic Times. Retrieved 21 December 2021.
- ^ Vinayak, A. J. (7 February 2019). "2 RRBs in Karnataka to be amalgamated". @businessline. Retrieved 10 October 2021.
- ^ "Wipro Implements Core Banking Solution for Canara Bank sponsored Regional Rural Bank (RRB)". BW SC. Retrieved 10 October 2021.
