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A review of the RRBs in August 2009 by the Union Finance Minister revealed that a large number of RRBs had a low Capital to Risk weighted Assets Ratio (CRAR). A committee was constituted in September 2009 under the chairmanship of K C Chakrabarty, [4] the deputy governor of the Reserve Bank of India (RBI) to analyse the financials of the RRBs and suggest measures, including re-capitalisation ...
Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India.
Each PSU has its own recruitment rules and employment in PSUs is highly sought after in India due to high pay and its job ... Punjab. Punjab Gramin Bank; Rajasthan.
The Institute of Banking Personnel Selection (IBPS) is a central recruitment agency operating under the ownership of the Ministry of Finance in the Government of India that was started with an aim to encourage the recruitment and placement of young undergraduates, postgraduates and doctorates at the rank of Group 'A' officer, Group 'B' officer, Group 'C' employee and Group 'D' employee in ...
Under the service area approach, all the villages have been allocated among 17 branches of commercial banks and four branches of RPBs. There are a total of 86 branches are functioning in the block which comprises 57 commercial banks, 13 private banks, 11 cooperative banks, four Punjab Gramin Banks, and one Agricultural Development bank.
Punjab National Bank is a Public sector undertakings in India (PSU) working under the government of India regulated by the Reserve Bank of India Act, 1934 and the Banking Regulation Act, 1949. It was registered on 19 May 1894 under the Indian Companies Act, with its office in Anarkali Bazaar , in pre-independent India (present-day Pakistan ).
Tripura Gramin Bank [1] (TGB) is a Regional Rural Bank established on 21 December 1976 in terms of the provisions under the Regional Rural Banks Act 1976. The bank is sponsored by Punjab National Bank and is owned by Government of India (50% of Share Capital Deposit), Govt. of Tripura (15% of Share Capital Deposit) and Punjab National Bank (35% of Share Capital Deposit).
The Punjab Banking Company (1889) was a bank founded in the year 1889 in British India. The bank became defunct in the year 1916, when it was acquired by the Alliance Bank of Simla . [ 1 ]