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The bank made a profit of Rs 9.01 Crore in the year 2011–12. [4] The bank had a credit-deposit ratio of 59.5% at the time of amalgamation. In 2015, Utkal Grameen Bank came First in the ranking of all banks in Odisha on Financial Inclusion parameters, with a score of 75 out of 100, becoming the best bank to handle Government business in the State.
State Bank of India (SBI), Utkal Gramya Bank, ICICI Bank, Axis Bank, Andhra Bank, Bank of Baroda, Punjab National Bank have been established with a large volume of business. SBI, ICICI, PNB, Axis Bank provide ATM service to the people of Umerkote.
The bank made a profit of Rs 14.42 Crore in the year 2013–14. [2] The bank had a CD ratio of 59.5% at the time of amalgamation. In 2015, Odisha Gramya Bank came third in the ranking of all banks in Odisha on Financial Inclusion parameters, with a score of 67 out of 100, becoming eligible to handle Government business including State PSU deposits.
Regional rural banks (RRBs) are government owned scheduled commercial banks of India that operate at the regional level in different states of India.These banks are under the ownership of the Ministry of Finance, Government of India, Sponsored Bank and concerned State Government in the ratio of 50:35:15 respectively.
The seven other state banks became subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks) Act, 1959 was passed by the Union government. [ 1 ] The next major government intervention in banking took place on 19 July 1969 when the Indira government nationalised an additional 14 major banks.
In 1985, the bank pledged $450 million to finance the Sardar Sarovar dam and canal, the keystone of an effort to turn the Narmada River into a series of reservoirs that would serve the state’s most drought-prone regions. The bank estimated in 1987 that 60,000 people would be affected by the project.
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Utkal Gramya Bank; Aska Co-op Central Bank; Union Bank of India, Mundamarai; Indian Overseas Bank, Jahada; Politics. Dharakot is a part of Sanakhemundi Assembly ...