#1
January 13th, 2018, 01:43 PM
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Bihar Gramin Bank Merger
Hii sir, I Wants to know the Names of the Bank that is Merged in the Bihar Gramin Bank to Form the Bihar Gramin Bank ?
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#2
January 13th, 2018, 01:44 PM
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Re: Bihar Gramin Bank Merger
Bihar Gramin Bank is a regional rural bank (RRB) in the state of Bihar, India. The bank was incorporated on 15 October 2012 by amalgamating 2 RRBs namely Bihar Kshetriya Gramin Bank and Samastipur Kshetriya Gramin Bank About the Establishment The establishment of the Regional Rural Banks (RRBs) was initiated in 1975 under the provisions of the ordinance promulgated on 26.9.1975 and thereafter Section 3(1) of the RRB Act, 1976. The issued capital of RRBs is shared by Central Government, sponsor bank and the State Government in the proportion of 50%, 35% and 15% respectively. Bank in exercise of the powers conferred by sub-section (1) of section 23A of the Regional Rural Banks act, 1976 (21 of 1976). The Bank has penetrated every corner of the 9 districts of Bihar and extended a helping hand in the growth process of the area. The Primary objective of the Bank is to finance farm & non-farm sectors and other employment generation programs, delivering the best possible customer service and also keeping in mind to turn all the branches into profit making business centers. |
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