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North Malabar Gramin Bank

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North Malabar Gramin Bank
Company typePublic Sector Bank, sponsored by Syndicate Bank
IndustryFinancial
Commercial banks
FoundedEstd. under Regional Rural Banks Act 1976
HeadquartersKannur, Kerala, India
Websitewww.nmgbank.com

North Malabar Gramin Bank (Template:Lang-ml) (NMGB) was 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. Its area of operation was extended to 7 districts in Kerala, India. It was financing farm and non-farm sectors and other employment generation programs through its 222 branches (as on 14/06/2013)spread over these 7 districts.

As per government of India notification dated 08.07.2013, amalgamation of South Malabar Gramin Bank (sponsored by Canara Bank) and North Malabar Gramin Bank (sponsored by Syndicate Bank) have been effected into a single entity as Kerala Gramin Bank with its head office at Malappuram and sponsor bank as Canara Bank after consulting NABARAD, concerned sponsor banks and State government of Kerala. Government of India notification is effective from 08.07.2013.[1]

See also

References

  1. ^ http://www.thehindubusinessline.com/industry-and-economy/banking/formation-of-kerala-gramin-bank-notified-following-merger-of-two-rrbs/article4897744.ece


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