Pragathi Gramin Bank

Pragathi Gramin Bank

Company type	Bank
Industry	Financial services
Predecessor	Sahyadri, Chitradurga, Tungabhadra and Kolar Gramin Banks
Founded	12 September 2005; 19 years ago (2005-09-12)
Defunct	23 August 2013 (2013-08-23) amalgamated with Karnataka Gramin Bank
Fate	Merged
Successor	Pragathi Krishna Gramin Bank
Headquarters	Ballari , India
Number of locations	Raichur, Koppal, Bellary, Vijayanagara, Chitradurga, Davanagere, Shimoga, Kolar and Chikkaballapura
Area served	Karnataka
Products	Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes
Services	Loans, Deposits, ATM Services, National Electronic Fund Transfer (NEFT), Debit Card [1]
Parent	Canara Bank (35%)
Website	pragathigrameenabank.com or pragathigraminabank.com or pragatigraminbank.com [ dead link ]

Pragathi Gramin Bank was an Indian Regional Rural Bank (RRB) established under the Regional Rural Banks' Act 1976. The bank was permitted to carry out all kinds of banking business and provided banking services to individuals and small businesses.

It was a Scheduled Bank jointly owned by the Government of India, Canara Bank and the Government of Karnataka (share capital contributed in the ratio of 50:35:15 respectively). The bank operated in nine districts of Karnataka, with its Head Office in Ballari. ^{[2] [3] [4]}

In 2023, the bank was merged with Krishna Grameena Bank to form Pragathi Krishna Gramin Bank, which was later merged to form Karnataka Gramin Bank.

History

Year - event

• 1976 - Tungabhadra Gramin Bank established on 25 Jan
• 2005 - Pragathi Gramin Bank formed on 12 Sep
• 2013 - The Bank was amalgamated with Krishna Grameena Bank to form Pragathi Krishna Gramin Bank, on 23 August (Headquartered at Ballari). ^{[5] [6]}

On 23 August 2013, Pragathi Krishna Gramin Bank, with its Head Office in Ballari, was formed through the amalgamation of two RRBs: Canara Bank-sponsored Pragathi Gramin Bank (Headquartered in Ballari) and the erstwhile State Bank of India-sponsored Krishna Grameena Bank (Headquartered in Kalaburagi). ^[7] The bank was formed as per gazette Notification of Government of India No. F1/5/2011- RRB (Karnataka) dated 23 August 2013. ^{[8] [9]}

See also

• Indian banking
• List of banks in India
• Kaveri Grameena Bank
• Karnataka Gramin Bank

References

1. "Performance Highlights". Archived from the original on 1 August 2015. Retrieved 21 December 2021.
2. "Pragathi Gramin Bank - Branches, ATMs, IFSC Codes, MICR Codes, Swift Codes". www.getbankcode.com. Retrieved 21 December 2021.
3. "The second schedule to the reserve bank of India act, 1934" (PDF). Archived from the original (PDF) on 31 January 2012.
4. Bhattacharjee, Subhomoy (7 September 2019). "The largest rewrite of the banking history and merger's cultural traps". Business Standard India. Retrieved 22 December 2021.
5. Vinayak, A. J. (7 February 2019). "2 RRBs in Karnataka to be amalgamated". @businessline. Retrieved 10 October 2021.
6. "Wipro Implements Core Banking Solution for Canara Bank sponsored Regional Rural Bank (RRB)". BW SC. Retrieved 10 October 2021.
7. Vinayak, A. J. (7 February 2019). "2 RRBs in Karnataka to be amalgamated". @businessline. Retrieved 10 October 2021.
8. "Two rural banks merged". Deccan Herald. 25 August 2013. Retrieved 21 December 2021.
9. "Karnataka RRBs merged post ministry notification". The Economic Times. Retrieved 21 December 2021.

External links

• Official Website ^{[ permanent dead link ]}
• Internet Banking ^{[ permanent dead link ]}