| Aryavart Bank | |
| Type: | Regional Rural Bank |
| Location City: | Lucknow |
| Location Country: | India |
| Area Served: | Uttar Pradesh |
| Key People: | Chairman: Santosh S. |
| Industry: | Financial Regional Rural Banks |
| Owner: | Government of India (50%) Government of Uttar Pradesh (15%) Bank of India (35%) |
| Parent: | Ministry of Finance, Government of India |
| Subsid: |
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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.
It functions under Regional Rural Banks' Act 1976 and is sponsored by Bank of India. Allahabad UP Gramin Bank and Gramin Bank of Aryavart merged with name Aryavart Bank e.r.f 01.04.2019.
The Head Office is located at Lucknow.[3] There are over twenty regional offices. The Aryavart Bank is operating in 26 districts namely Agra, Aligarh, Ayodhya, Bahraich, Banda, Barabanki, Chitrakoot, Etah, Farrukhabad, Firozabad, Hamirpur, Hardoi, Hathras, Jalaun, Kannauj, Kasganj, Lakhimpur, Lucknow, Mahoba, Mainpuri, Mathura, Mirzapur, Shravasti, Sitapur, Sonbhadra and Unnao in the State of Uttar Pradesh with a network of 1365 branches & 23 regional offices.
The Aryavart Bank has the unique distinction of having had as many different RRBs earlier functioning in different parts of Uttar Pradesh, merged with it at various points of time. The bank operates in over 25 districts.
Following are schemes being run by the bank:[4]
On 19 June 2008 Aryavart Gramin Bank received Ashden Award 2008.[5] This award was for an innovative scheme to make available finance for Solar Home Lighting Systems (SHS) with a slogan "Ghar Ghar Me Ujala" (Light in every house) mainly to provide ambient light at home to improve living standard, education, health and welfare of the people residing in rural, semi urban and even in urban areas beset with frequent power cuts.
Source:[6]
This bank was constituted on 1 October 2012 after amalgamation of two RRBs Aryavart Gramin Bank and Kshetriya Kisan Gramin Bank.
Aryavart Gramin Bank was sponsored by Bank of India while Kshetriya Kisan Gramin Bank was sponsored by UP Cooperative Bank Limited Lucknow.
This Bank was constituted on 3 October 2006 after amalgamation of three Regional Rural Banks (RRBs) namely Avadh Gramin Bank, Barabanki Gramin Bank and Farrukhabad Gramin Bank.