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Grameen Bank soon began expanding into wealthy countries. As of 2017, Grameen America had 19 branches in eleven US cities, and its nearly 100,000 borrowers were all women. [5] As of January 2025, a proposed ordinance aims to reduce the government’s stake in Grameen Bank from 25% to 5%, while amending the Grameen Bank Act of 2013.
Like other RRBs, Government of India holds the majority 50 percent shares, while the state government and Canara Bank holds 35 percent and 15 percent, respectively. As of 2013, KGB had 504 branches and a total net worth of ₹471.58 crore and deposits of ₹7,266 crore and advances of ₹7,761 crore, with a total business of ₹15,027 crore.
Krishna Grameena Bank Company type Bank Industry Banking, Insurance, Capital Markets and allied industries Founded 1 December 1978 (1978-12-01) Defunct 23 August 2013 (2013-08-23) Fate Merged with newly formed Pragathi Krishna Gramin Bank Successor Pragathi Krishna Gramin Bank Headquarters Kalaburagi, India Area served Karnataka Products Deposits, Personal Banking Schemes, C & I Banking ...
The bank was created from the amalgamation of Uttar Bihar Kshetriya Gramin Bank and Kosi Kshetriya Gramin Bank(transferor regional rural banks) by Government of India in 1976 as per Gazette Notification issued by the Indian Ministry of Finance under Sub-Section (1) of Section 23 A of the Regional Rural Bank Act, 1976 (21 of 1976). [4]
On 8 July 2013, per a Government of India notification, North Malabar Gramin Bank (sponsored by Syndicate Bank) and South Malabar Gramin Bank (sponsored by Canara Bank) were amalgamated into a single entity as the Kerala Gramin Bank, with its head office at Malappuram, and Canara Bank as the sponsor bank, after consulting NABARD, the concerned ...
Quilon Bank Ltd — 1919–1937 (Amalgamated to form Travancore National & Quilon Bank Ltd, and later liquidated) [5] South Malabar Gramin Bank — 1975–2013 (Amalgamated with North Malabar Gramin Bank to form Kerala Gramin Bank-2013) St George Union Bank — 1927–1965 (Amalgamated with Federal Bank) [5] [3]
Maharashtra Gramin Bank [1] is an Indian Regional Rural Bank (RRB) or Gramin bank, in the State of Maharashtra with its head office is in Aurangabad. It is one of the 43 Gramin banks in India supported by the government that aim to bring banking services to rural areas. It is under the ownership of Ministry of Finance, Government of India.
Uttarakhand Gramin Bank is a regional rural bank in India.It is sponsored by State Bank of India established under RRB Act 1976 came into existence on 1 Nov 2012 after amalgamation of erstwhile RRB viz. Uttaranchal Gramin Bank and Nainital Almora Kshetriya Gramin Bank in Uttarakhand State.