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{{Short description|Indian regional rural bank}} | |||
{{Use Indian English|date=October 2015}} | {{Use Indian English|date=October 2015}} | ||
{{Use dmy dates|date= | {{Use dmy dates|date=March 2025}} | ||
{{Infobox company | {{Infobox company | ||
| name = Paschim Banga Gramin Bank | | name = Paschim Banga Gramin Bank | ||
| logo = Paschim-Banga-Gramin-Bank-logo.png | | logo = Paschim-Banga-Gramin-Bank-logo.png | ||
| logo_caption = Bank for U | | logo_caption = Bank for U – Banking for All | ||
| type = [[Regional Rural Bank]] | | type = [[Regional Rural Bank]] | ||
| foundation = 26 | | successor = [[ West Bengal Gramin Bank]] | ||
| location = [[Howrah]], | | foundation = {{Start date|df=yes|2007|02|26}} | ||
| founder = | |||
| defunct = {{End date|df=yes|2025|04|30}} | |||
| location = [[Howrah]], West Bengal, India | |||
| area_served = [[West Bengal]] | | area_served = [[West Bengal]] | ||
| key_people = | | key_people = Pranab Kumar Biswas ({{small|Chairman}})<ref>{{citation |url=https://www.pbgbank.com/about/board-of-directors |title=Board of Directors |work=Paschim Banga Gramin Bank}}</ref> | ||
| industry = Banking, [[Financial services]] | | industry = Banking, [[Financial services]] | ||
| owner = [[Government of India]] (50%)<br>[[Government of West Bengal]] (15%) <br>[[UCO Bank]] (35%)<ref>{{cite web|url=https://pbgbank.com/about/history/|title= Our History // Paschim Banga Gramin Bank // A Government of India Enterprise // West Bengal, India}}</ref> | | owner = [[Government of India]] (50%)<br>[[Government of West Bengal]] (15%) <br>[[UCO Bank]] (35%)<ref>{{cite web|url=https://pbgbank.com/about/history/|title= Our History // Paschim Banga Gramin Bank // A Government of India Enterprise // West Bengal, India}}</ref> | ||
| parent = [[Ministry of Finance (India) |Ministry of Finance]] , [[Government of India]] | | parent = [[Ministry of Finance (India)|Ministry of Finance]], [[Government of India]] | ||
| products = [[Retail banking|consumer banking]], [[Commercial bank|corporate banking]], [[Financial services|finance and insurance]], [[Investment banking]], [[mortgage loan]]s, [[wealth management]], [[Mobile Banking]], [[BHIM]], [[UPI]], [[Point of sale]] | | products = [[Retail banking|consumer banking]], [[Commercial bank|corporate banking]], [[Financial services|finance and insurance]], [[Investment banking]], [[mortgage loan]]s, [[wealth management]], [[Mobile Banking]], [[BHIM]], [[United Press International|UPI]], [[Point of sale]] | ||
| num_locations = 230 branches | | num_locations = 230 branches | ||
| revenue = | | revenue = | ||
| net_income = {{profit}} {{INRConvert|67.97|m}} as on 31 March 2019 | | net_income = {{profit}} {{INRConvert|67.97|m}} as on 31 March 2019 | ||
| equity = | | equity = | ||
| assets = {{profit}} | | assets = {{profit}} 50.65 crore as on 31 March 2024 | ||
| homepage = {{URL|http://www.pbgbank.com}} | | homepage = {{URL|http://www.pbgbank.com}} | ||
}} | }} | ||
'''Paschim Banga Gramin Bank'''<ref>{{cite web|url=http://www.pbgbank.com|title= Paschim Banga Gramin Bank website}}</ref> is a | '''Paschim Banga Gramin Bank'''<ref>{{cite web|url=http://www.pbgbank.com|title= Paschim Banga Gramin Bank website}}</ref> is a premier [[Regional Rural Bank|regional rural bank]] in [[Banking in India|India]]. It is under the [[ownership]] of [[Ministry of Finance (India)|Ministry of Finance]], [[Government of India]]. It was established on 26 February 2007<ref>Government of India, Notification No.1/4/2006 – RRB dated 26 February 2007 (Ministry of Finance, Department of Economic Affairs (Banking Division), New Delhi)</ref> 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 | 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 | As of 31 March 2024, the bank made a net profit of 50.65 crores. | ||
[[Bangiya Gramin Vikash Bank]], [[Paschim Banga Gramin Bank]] and '''Uttarbanga Kshetriya Gramin Bank''' merged into a single unified entity named as [[West Bengal Gramin Bank]] w. e. f. May 1,2025 under the sponsorship of [[Punjab National Bank]] in the state of [[West Bengal]]. | |||
==Bank structure== | ==Bank structure== | ||
The bank operates in five districts of [[West Bengal]] State, namely, [[Howrah district|Howrah]], [[Hooghly district|Hooghly]], [[Purba Bardhaman district|Purba Bardhaman]], [[Paschim Bardhaman district|Paschim Bardhaman]] and [[Birbhum district|Birbhum]], with its head office at [[Howrah]], [[West Bengal]]. | The bank operates in five districts of [[West Bengal]] State, namely, [[Howrah district|Howrah]], [[Hooghly district|Hooghly]], [[Purba Bardhaman district|Purba Bardhaman]], [[Paschim Bardhaman district|Paschim Bardhaman]] and [[Birbhum district|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. | |||
The Ministry of Finance announced the merger of Paschim Banga Gramin Bank, Uttarbanga Kshetriya Gramin Bank and Bangiya Gramin Vikash Bank w.e.f. May 1, 2025. The new name will be West Bengal Gramin Bank. | |||
==See also== | ==See also== | ||
{{Portal|Banks}} | |||
* [[Banking in India]] | * [[Banking in India]] | ||
* [[List of banks in India]] | * [[List of banks in India]] | ||
Latest revision as of 21:23, 8 January 2026
 Bank for U – Banking for All | |
| Industry | Banking, Financial services |
|---|---|
| Successor | West Bengal Gramin Bank |
| Founded | 26 February 2007 |
| Defunct | 30 April 2025 |
| Headquarters | Howrah, West Bengal, India |
Number of locations | 230 branches |
Area served | West Bengal |
Key people | Pranab Kumar Biswas (Chairman)[1] |
| Products | consumer banking, corporate banking, finance and insurance, Investment banking, mortgage loans, wealth management, Mobile Banking, BHIM, UPI, Point of sale |
 ₹67.97 million (US$950,000) as on 31 March 2019 | |
| Total assets | 50.65 crore as on 31 March 2024 |
| Owner | Government of India (50%) Government of West Bengal (15%) UCO Bank (35%)[2] |
| Parent | Ministry of Finance, Government of India |
| Website | www |
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 2024, the bank made a net profit of 50.65 crores.
Bangiya Gramin Vikash Bank, Paschim Banga Gramin Bank and Uttarbanga Kshetriya Gramin Bank merged into a single unified entity named as West Bengal Gramin Bank w. e. f. May 1,2025 under the sponsorship of Punjab National Bank in the state of West Bengal.
Bank structure[edit | edit source]
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.
The Ministry of Finance announced the merger of Paschim Banga Gramin Bank, Uttarbanga Kshetriya Gramin Bank and Bangiya Gramin Vikash Bank w.e.f. May 1, 2025. The new name will be West Bengal Gramin Bank.
See also[edit | edit source]
- 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
References[edit | edit source]
- ↑ "Board of Directors", Paschim Banga Gramin Bank
- ↑ "Our History // Paschim Banga Gramin Bank // A Government of India Enterprise // West Bengal, India".
- ↑ "Paschim Banga Gramin Bank website".
- ↑ Government of India, Notification No.1/4/2006 – RRB dated 26 February 2007 (Ministry of Finance, Department of Economic Affairs (Banking Division), New Delhi)