Prathama UP Gramin Bank explained

Prathama U.P. Gramin Bank
Logo Alt:ग्रामीण विकास हमारी प्रतिबद्धता
Native Name:प्रथमा यू.पी. ग्रामीण बैंक
Native Name Lang:hi
Type:Regional Rural Bank
Founded: by amalgamation of Prathama Bank and Sarva U.P. Gramin Bank
Hq Location:Moradabad, Uttar Pradesh
Key People:Sanjeev Bhardwaj (Chairman)
Num Employees:4000+ (2024)
Parent:Ministry of Finance, Government of India

Prathama UP Gramin Bank was created on 1 April 2019 by the amalgamation of two regional rural banks in Uttar Pradesh:[1]

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).[2]

The bank has 950 branches around 19 districts of Uttar Pradesh; it will also have one branch in Haridwar District of Uttarakhand.[3] The bank is sponsored by the Punjab National Bank.

Sarva UP Gramin Bank

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.

Prathama Bank

Prathama Bank[4] (lit. First Bank) was established in 1975 by Syndicate Bank. It was the first RRB in India.

See also

External links

Notes and References

  1. Web site: PNB amalgamates RRBs in Uttar Pradesh . Livemint. 8 December 2007. 17 February 2015.
  2. http://upgb.com/index.htm Sarva U.P.Gramin Bank
  3. http://sify.com/finance/fullstory.php?id=14573295
  4. Web site: Staff Writer . 2015-08-20 . Different types of banks in India, explained . 2023-11-29 . mint . en.