Paschim Banga Gramin Bank

Paschim Banga Gramin Bank
Company typeRegional Rural Bank
IndustryBanking, Financial services
Founded26 February 2007
HeadquartersHowrah, West Bengal, India
Number of locations
230 branches
Area served
West Bengal
Key people
Pranab Kumar Biswas (Chairman)[1]
Productsconsumer banking, corporate banking, finance and insurance, Investment banking, mortgage loans, wealth management, Mobile Banking, BHIM, UPI, Point of sale
Increase ₹67.97 million (US$810,000) as on 31 March 2019
Total assetsIncrease ₹59.80 million (US$720,000) as on 31 March 2019
OwnerGovernment of India (50%)
Government of West Bengal (15%)
UCO Bank (35%)[2]
ParentMinistry of Finance, Government of India
Websitewww.pbgbank.com

Paschim Banga Gramin Bank[3] is a premier regional rural bank in India. It is under the ownership of Ministry of Finance, Government of India. It was established on 26 February 2007[4] in exercise of the powers conferred by Sub-section (1) of Section 23A of the Regional Rural Bank Act, 1976 (21 of 1976). The bank was established by the amalgamation of Howrah Gramin Bank, Bardhaman Gramin Bank and Mayurakshi Gramin Bank. The tagline of the bank is "Bank for U - Banking for All".

This bank is sponsored by UCO Bank and owned by the government of India, the government of West Bengal and UCO Bank. The shareholders of the bank are the Government of India (50%), UCO Bank (35%) and the Government of West Bengal (15%). The bank's head office is located at Tikiapara, Howrah, West Bengal.

As of 31 March 2019, the bank made a net profit of ₹67.97 million (US$810,000)

Bank structure

The bank operates in five districts of West Bengal State, namely, Howrah, Hooghly, Purba Bardhaman, Paschim Bardhaman and Birbhum, with its head office at Howrah, West Bengal.

It has 230 branches and 4 regional offices. The regional offices are in Howrah, Hooghly, Bardhaman, and Suri.

See also

References

  1. ^ "Board Of Directors", Paschim Banga Gramin Bank
  2. ^ "Our History // Paschim Banga Gramin Bank // A Government of India Enterprise // West Bengal, India".
  3. ^ "Paschim Banga Gramin Bank website".
  4. ^ Government of India, Notification No.1/4/2006 – RRB dated 26 February 2007 (Ministry of Finance, Department of Economic Affairs (Banking Division), New Delhi)