CleanupBot II: Removed empty portal template using script

2023-08-15T08:27:03Z

Removed empty portal template using script

← Older revision		Revision as of 13:57, 15 August 2023
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	==See also==		==See also==
	~~{{Portal\|Banks}}~~
	* [[Banking in India]]		* [[Banking in India]]
	* [[List of banks in India]]		* [[List of banks in India]]

imported>Lobstobar at 07:04, 25 July 2021

2021-07-25T07:04:01Z

New page

{{Use dmy dates|date=October 2015}}
{{Use Indian English|date=October 2015}}
{{Infobox company
| name = Utkal Grameen Bank
| type = [[Regional Rural Bank]]
| foundation = 2012
| location = [[Bolangir]], [[India]]
| area_served = [[Odisha]] State
| key_people = Alekha Chandra Beura <br> ([[Chairman]])
| industry = Banking, [[Financial services]]
| products = [[Credit card]]s, [[Retail banking|consumer banking]], [[Commercial bank|corporate banking]], [[Financial services|finance and insurance]], [[investment banking]], [[mortgage loan]]s, [[private banking]], [[wealth management]]
| revenue =
| profit = INR 90.15 Million
| assets =
| owner = *[[Government of India]] (50%)
*[[Government of Odisha]] (15%)
*[[State Bank of India]] (35%)
| num_employees = 1339
| parent = [[Ministry of Finance (India)|Ministry of Finance]] , [[Government of India]].
| homepage = {{URL|www.utkalgrameenbank.co.in/}}
}}

'''Utkal Grameen Bank'''<ref>{{cite web|url=http://www.utkalgrameenbank.co.in |title=UGB Website}}</ref> ('''UGB''') ({{lang-or|ଉତ୍କଳ ଗ୍ରାମୀଣ ବ୍ୟାଙ୍କ}}) is a [[Regional Rural Bank]] established on 1 November 2012 with the merger<ref>{{cite web|url=http://www.business-standard.com/article/specials/ugb-formed-by-merging-two-rrbs-112112800060_1.html| title=UGB formed by merger of two RRBs}}Business Standard, 28 November 2012</ref> of ''Rushikulya Gramya Bank'' and ''Utkal Gramya Bank'' in terms of provisions of Regional Rural Banks Act 1976. The bank is sponsored by [[State Bank of India]] & is jointly Owned by the Government of India, [[Government of Odisha]] and SBI.It is under the [[ownership]] of [[Ministry of Finance (India)|Ministry of Finance]] , [[Government of India]].

The shareholders of the Bank are Govt. of India (50%), [[State Bank of India]] (35%) and Govt. of Odisha (15%). The Bank is operating in 17 districts of Odisha State with its Head Office at [[Bolangir]]. Besides, the bank has seven Regional Offices in western and southern Odisha.

==History==
The bank was established on 1 November 2012 as an amalgamation of the Rushikulya and Utkal RRBs. At the time of amalgation, Rushikulya bank had only 87 branches.<ref>{{cite web|url=http://www.thehindu.com/todays-paper/tp-national/tp-otherstates/rgb-amalgamates-withutkal-gramin-bank/article4073035.ece| title=RGB amalgates with UGB}}The Hindu, 7 November 2012</ref> It subsequently grew to a network of 442 branches, of which 360 are in remote rural areas. Apart from the Head Office at Bolangir, the bank has opened regional offices at Sambalpur, Rayagada, Phulbani,Bolangir,Bargarh, Bhawanipatna, Jeypore and Berhampur.

Presently, the Bank operates in 17 districts of Western and Southern Odisha, covering 63% of the geographical area and 48% of the total population of Odisha State.

==Performance==
The bank made a profit of Rs 9.01 Crore in the year 2011-12.<ref>{{cite web|url=http://ugb.co.in/financials.htm| title=UGB Balance Sheet 2014}}</ref> 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.<ref>{{cite web|url=http://www.odishanewsinsight.com/odisha/odisha-govt-selects-14-banks-to-handle-diposits-of-spsus-and-slas/| title=Odisha Govt Selects 14 Banks to Handle SPSU Deposits}}</ref>

==Board of directors==
The bank's affairs are conducted by a Board of Directors<ref>{{cite web|url=http://ugb.co.in/board_of_directors.htm |title=UGB Board Members}}</ref> consisting of the following persons :-

* Sri Alekha Chandra Beura, Chairman
* Sri Tarakanta bhakta, Deputy Secretary, Finance Department, Govt of Odisha
* Sri Nirmal Chandra Pattnaik, DGM, RBI
* Sri V Balasubramani, DGM, NABARD
* Sri Dhruba Charan Bal, DGM, SBI
* Sri Sanjay Tiwary, DGM, SBI

==See also==
{{Portal|Banks}}
* [[Banking in India]]
* [[List of banks in India]]
* [[Reserve Bank of India]]
* [[Regional Rural Bank]]
* [[Indian Financial System Code]]
* [[List of largest banks]]
* [[List of companies of India]]
* [[Make in India]]
* [[Odisha Gramya Bank]]

==References==
{{Reflist}}

[[Category:Regional rural banks of India]]
[[Category:Banks established in 1976]]
[[Category:Economy of Odisha]]

Utkal Grameen Bank - Revision history

CleanupBot II: Removed empty portal template using script

imported>Lobstobar at 07:04, 25 July 2021