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{{Use dmy dates|date=October 2015}}
{{Use Indian English|date=October 2015}}
{{Infobox company
{{Infobox company
| company_name = North Malabar Gramin Bank
| name = North Malabar Gramin Bank
| logo = North Malabar Gramin Bank (logo).jpg
| company_logo = [[Image:nmgb.jpg|200px]]
| logo_size = 200px
| company_type =Public Sector Bank, sponsored by [[Syndicate Bank]]
| type =Public Sector Bank, sponsored by [[Syndicate Bank]]
| successor = [[Kerala Gramin Bank]]
| foundation = Estd. under Regional Rural Banks Act 1976
| foundation = Estd. under Regional Rural Banks Act 1976
| defunct = {{End date|2013|07|07|df=yes}}
| location = [[Kannur]], [[Kerala]], [[India]]
| location = [[Kannur]], [[Kerala]], [[India]]
| key_people =
| key_people = P Madhu, Chairman [http://www.mathrubhumi.com/business/news_articles/story-311568.html]
| industry = [[Financial]]<br />[[Commercial banks]]
| industry = [[Financial]]<br />[[Commercial banks]]
| num_employees = 1278 as on 17/08/2012
| num_employees =
| homepage = [http://www.nmgbank.com/ www.nmgbank.com]
| homepage = [http://www.nmgbank.com/ www.nmgbank.com]
}}
}}

'''North Malabar Gramin Bank''' ({{Lang-ml|നോര്‍ത്ത്‌ മലബാര്‍ ഗ്രാമീണ്‍ ബേങ്ക്}}) ('''NMGB''') is a regional rural bank in [[India]]. It was established in 1976 as a Scheduled Commercial Bank as per Regional Rural Banks Act of 1976 to provide banking facilities for farming and non-farming sectors in [[North Malabar]] region. Presently its area of operation is extended to 7 districts in [[Kerala]], [[India]]. It finances farm and non-farm sectors and other employment generation programs through its 206 branches (as on 17/08/2012 )spread over these 7 districts.
'''North Malabar Gramin Bank''' ('''NMGB'''; {{langx|ml|നോർത്ത് മലബാർ ഗ്രാമീൺ ബാങ്ക്}}) was a [[Regional Rural Bank]] in [[Kerala]], [[India]]. It was established in 1976 as a [[Scheduled Commercial Bank]] as per the Regional Rural Banks Act of 1976 to provide banking facilities in the [[North Malabar]] region. It operated in seven districts of Kerala with the headquarters at [[Kannur]], and had 222 branches {{as of|2013|06|14|lc=y}}. The bank distinguished itself as one of the few profit making RRBs in India before its amalgamation.
The government of India holds 50% of the shares of the bank while [[Syndicate Bank]] and the government of [[Kerala]] hold the balance 35% and 15% respectively. While day-to-day administration is performed by Syndicate Bank which is the sponsor bank, policy decisions are taken by [[NABARD]] on behalf of the government of India. The Bank has all its branches under the CBS platform.

On 8 July 2013, per a [[Government of India notification]], North Malabar Gramin Bank (sponsored by [[Syndicate Bank]]) and [[South Malabar Gramin Bank]] (sponsored by [[Canara Bank]]) were amalgamated into a single entity as the [[Kerala Gramin Bank]], with its head office at [[Malappuram]], and Canara Bank as the sponsor bank, after consulting [[NABARD]], the concerned sponsor banks and the [[Government of Kerala]].<ref>{{cite news|url=http://www.thehindubusinessline.com/industry-and-economy/banking/formation-of-kerala-gramin-bank-notified-following-merger-of-two-rrbs/article4897744.ece|access-date=2014-06-30|title=Formation of Kerala Gramin Bank notified following merger of two RRBs|date=2013-07-09|url-status=dead|archive-date=3 February 2014|archive-url=https://web.archive.org/web/20140203091947/http://www.thehindubusinessline.com/industry-and-economy/banking/formation-of-kerala-gramin-bank-notified-following-merger-of-two-rrbs/article4897744.ece|location=Kochi|newspaper=[[The Hindu Business Line]]|publisher=[[Kasturi and Sons]]|df=dmy-all}}</ref>

==Board of directors==
The bank's board of directors<ref>{{cite web|url=http://www.keralagbank.com/nmg/about_nmgb/board_of_directors|title=NMGB Board}}</ref> had the following members before its amalgamation into [[Kerala Gramin Bank]]

* P. Madhu, Chairman
* [[Dr Tapan Kumar Pradhan]]
* V. Asokan
* P. Dinesh

==See also==
==See also==
{{Portal|Banks}}
⚫
* [http://www.nmgbank.com/ NMGB HomePage]
*[[Kerala Gramin Bank]]
* [[Kerala Bank]]
⚫
* [http://www.keralagbank.com/nmg/about_nmgb/nmgbank_profile/ NMGB HomePage]

==References==
{{reflist}}

{{commons category|North Malabar Gramin Bank}}


{{Banking in India}}
{{Banking in India}}
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[[Category:Banks established in 1976]]
[[Category:Banks established in 1976]]
[[Category:Regional rural banks of India]]
[[Category:Banks disestablished in 2013]]
[[Category:Companies based in Kerala]]
[[Category:1976 establishments in Kerala]]
[[Category:Defunct banks of India]]
[[Category:Indian companies established in 1976]]
[[Category:Indian companies disestablished in 2013]]
[[Category:Banks based in Kerala]]
[[Category:Banks based in Kerala]]


Latest revision as of 14:14, 8 November 2024

North Malabar Gramin Bank
Company typePublic Sector Bank, sponsored by Syndicate Bank
IndustryFinancial
Commercial banks
FoundedEstd. under Regional Rural Banks Act 1976
Defunct7 July 2013 (2013-07-07)
SuccessorKerala Gramin Bank
HeadquartersKannur, Kerala, India
Websitewww.nmgbank.com

North Malabar Gramin Bank (NMGB; Malayalam: നോർത്ത് മലബാർ ഗ്രാമീൺ ബാങ്ക്) was a Regional Rural Bank in Kerala, India. It was established in 1976 as a Scheduled Commercial Bank as per the Regional Rural Banks Act of 1976 to provide banking facilities in the North Malabar region. It operated in seven districts of Kerala with the headquarters at Kannur, and had 222 branches as of 14 June 2013. The bank distinguished itself as one of the few profit making RRBs in India before its amalgamation.

On 8 July 2013, per a Government of India notification, North Malabar Gramin Bank (sponsored by Syndicate Bank) and South Malabar Gramin Bank (sponsored by Canara Bank) were amalgamated into a single entity as the Kerala Gramin Bank, with its head office at Malappuram, and Canara Bank as the sponsor bank, after consulting NABARD, the concerned sponsor banks and the Government of Kerala.[1]

Board of directors

[edit]

The bank's board of directors[2] had the following members before its amalgamation into Kerala Gramin Bank

See also

[edit]

References

[edit]
  1. ^ "Formation of Kerala Gramin Bank notified following merger of two RRBs". The Hindu Business Line. Kochi: Kasturi and Sons. 9 July 2013. Archived from the original on 3 February 2014. Retrieved 30 June 2014.
  2. ^ "NMGB Board".
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