Malwa Gramin Bank is a Regional Rural Bank sponsored by of State Bank of Patiala. The Bank has established on 27th Feb 1986 with Rs 1.00 crore as its capital. The Bank is 100 % computerised on CBS platform. The Bank opened its first branch at Sangrur on 27.02.1986. It has total 83 branches in five districts of Punjab, out of which 77 are in rural area, 5 in semi urban area and 1 in urban area It became 100% computerised on 13.10.2005 and fully migrated to CBS on 29.07.2010. The bank has achieved tremendous growth in business and completed its glorious 30 years on 27.02.2016. As on 31.03.2016 deposit and advance of the bank stood at Rs 1151.32 crore and Rs 1101.67 crore respectively. The bank has earned a net profit of Rs 17.86 crore during 2015-16 against 14.78 crores during 2014-15. Its reserves stands at Rs 158.12 crore as on 31.03.2016.

Print Friendly, PDF & Email