Prathama U.P. Gramin Bank
Native name
प्रथमा यू.पी. ग्रामीण बैंक
TypeSubsidiary
FoundedApril 1, 2019 (2019-04-01) by amalgamation of Prathama Bank and Sarva U.P. Gramin Bank
HeadquartersMoradabad, Uttar Pradesh
Key people
Sanjeev Bhardwaj (Chairman)
Services
Owner
ParentPunjab National Bank
Websiteprathamaupbank.com

Prathama UP Gramin Bank was created on 1 April 2019 by the amalgamation of two regional rural banks in Uttar Pradesh:[1]

  • Prathama Bank
  • Sarva UP Gramin Bank

The creation of Prathama UP Gramin Bank took place under Sub-Section (1) of Section 23A of the Regional Rural Bank Act, 1976 (21 of 1976).[2]

The bank has 938 branches around 19 districts of Uttar Pradesh; it will also have one branch in Haridwar District of Uttarakhand.[3] The bank is sponsored by the Punjab National Bank.

Sarva UP Gramin Bank

Previously PUPGB was Sarva UP Gramin Bank (SUPGB). SUPGB was created in 2013 by amalgamation of 4 RRBs viz. Uttar Pradesh Gramin Bank Meerut, Kisan Gramin Bank Budaun, Rani Laxmi Bai Kshetriya Gramin Bank Jhansi and Devipatan Kshetriya Gramin Bank Gonda under subsection (1) of section 23 A of Regional Rural Bank Act, 1976.

Prathama Bank

Prathama Bank[4] (lit. First Bank) was established in 1975 by Syndicate Bank. It was the first RRB in India.

See also

References

  1. ↑ "PNB amalgamates RRBs in Uttar Pradesh". Livemint. 8 December 2007. Retrieved 17 February 2015.
  2. ↑ Sarva U.P.Gramin Bank
  3. ↑ http://sify.com/finance/fullstory.php?id=14573295 Archived 18 February 2015 at the Wayback Machine
  4. ↑ Staff Writer (20 August 2015). "Different types of banks in India, explained". mint. Retrieved 29 November 2023.
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