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Draft:Punjab Gramin Bank

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Punjab Gramin Bank
Company typeRegional Rural Bank
IndustryBanking, Financial services
Founded2005
HeadquartersKapurthala, Punjab, India
Area served
Punjab, India
ProductsRetail banking, rural banking, agricultural loans, microfinance
OwnerGovernment of India (50%), Punjab National Bank (35%), Government of Punjab (15%)
ParentPunjab National Bank
Websitewww.pgb.org.in

Punjab Gramin Bank (PGB) is a Regional Rural Bank (RRB) operating in the state of Punjab, India, and is sponsored by Punjab National Bank. It was formed in 2005 and underwent 2019 merger with Malwa Gramin Bank and Sutlej Gramin Bank to create a single, state-level RRB headquartered in Kapurthala.[1][2][3][4][5]

See also

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References

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  1. ^ "PNB sponsored RRBs in Punjab, Bihar consolidated". The Hindu BusinessLine. 2019-01-07. Retrieved 2025-05-01.
  2. ^ "Rural Bank: Merger of regional rural banks within same state likely". The Economic Times. 2019-02-27. Retrieved 2025-05-01.
  3. ^ "Centre merges rural banks under PNB to push lending". Millennium Post. 2019-01-03. Retrieved 2025-05-01.
  4. ^ "In Brief: RBI penalises Punjab Gramin Bank". The Tribune (India). 2025-01-04. Retrieved 2025-05-01.
  5. ^ "Punjab Gramin Bank Manager Arrested for Embezzling Nearly 35 Lakhs". The Times of India. 2024-11-23. Retrieved 2025-05-01.
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