#1
January 20th, 2018, 10:24 AM
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North Malabar Gramin Bank Merger
Hii sir, Will you Please tell me in Which Bank the North Malabar Gramin Bank is Merged ?
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#2
January 20th, 2018, 10:25 AM
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Re: North Malabar Gramin Bank Merger
North Malabar Gramin Bank (NMGB; Malayalam: was a Regional Rural Bank in Kerala, India. It was established in 1976 as a Scheduled Commercial Bank as per Regional Rural Banks Act of 1976 to provide banking facilities in the North Malabar region. About the Merger 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, About the Kerela Gramin Bank Kerala Gramin Bank or KGB in short, is India’s largest Regional Rural Bank, headquartered at Malappuram in Kerala, India. The bank is jointly owned by Central and State Governments & sponsored by Canara Bank. Key Financial Revenue ₹16,977 million (US$260 million) (2016-17) Profit ₹1,029 million (US$16 million) (2016-17) Total assets ₹189,121 million (US$2.9 billion) (2016-17 Products Consumer banking, Corporate banking, Finance and insurance, Mortgage loans, Private banking, Savings, Asset management Wealth management |
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