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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.
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 ...
Grameen Bank (Bengali: গ্রামীণ ব্যাংক) is a microfinance, specialized community development bank founded in Bangladesh. [ 5 ] [ 6 ] It provides small loans (known as microcredit or "grameencredit") [ 7 ] to the impoverished without requiring collateral .
State Bank Of India, Jagannath Prasad (IFSC Code : SBIN0012113 , MICR Code: 760002508) Utkal Grameen Bank, Jagannath Prasad (IFSC Code : SBIN0RRUKGB) The Aska Coop Central Bank Limited (IFSC Code : UTIB0SASKAC)
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.
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.
Andhra Pradesh Grameena Vikas Bank is an Indian Regional Rural Bank headquartered in Warangal, India. It was established in 2006 as a Regional Rural Bank as per Regional Rural Banks Act of 1976. It was established in 2006 as a Regional Rural Bank as per Regional Rural Banks Act of 1976.
Joint Liability Group is a group of 4-10 people of the same village or locality of homogenous nature and of the same socioeconomic background who mutually come together to form a group for the purpose of availing loan from a bank without any collateral.