Assam Gramin Vikash Bank is the only regional rural bank of

Assam Assam (, , ) is a state in Northeast India, northeastern India, south of the eastern Himalayas along the Brahmaputra Valley, Brahmaputra and Barak River valleys. Assam covers an area of . It is the second largest state in Northeast India, nor ...

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

. It is under the

ownership Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as '' title'', which may be separated and held by dif ...

Ministry of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfoli ...

Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...

. The bank was formally launched on 12 January 2006 after amalgamation of Pragjyotish Gaonlia Bank, Lakhimi Gaonlia Bank, Cachar Gramin Bank and Subansiri Gaonlia Bank, which were sponsored by erstwhile United Bank of India now

Punjab National Bank Punjab National Bank alias PNB is an Public sector banks in India, Indian government bank based in New Delhi. It was founded in May 1894 and is the List of banks in India, second-largest public sector bank in India in terms of its business volum ...

. As per Government of India directives for forming of state wise Regional Rural Banks Assam Gramin Vikash Bank was further amalgamated with Langpi Dehangi Rural Bank which was sponsored by

State Bank of India State Bank of India (SBI) is an Indian Multinational corporation, multinational Public sector undertakings in India, public sector bank and financial service body headquartered in Mumbai. It is the largest bank in India with a 23% market shar ...

to form present Assam Gramin Vikash Bank w.e.f 1 April 2019 without changing of the name of the newly formed entity.

Bank structure

The bank has three tier structure consisting of one head office at Guwahati, nine regional offices and 473 branches. They are:

Nalbari Nalbari is a small town in Nalbari district in the Indian States and territories of India, state of Assam. Nalbari is also the headquarters of Nalbari district, Nalbari District. Etymology The word ''Nalbari'' is derived from and . is a ...

Golaghat Golaghat ( ''Gʊlaɡʱat'' ) one of the largest subdivisions of the Indian state of Assam, later elevated to the position of a full–fledged district headquarter on 5 October 1987, is a city and a municipality and the seat of administrativ ...

, Lakhimpur,

Guwahati Guwahati () the largest city of the Indian state of Assam, and also the largest metropolis in northeastern India. Dispur, the capital of Assam, is in the circuit city region located within Guwahati and is the seat of the Government of Assam. Th ...

Dibrugarh Dibrugarh () is a city in the Indian state of Assam, located 435 kms east of the state capital Dispur. It serves as the headquarters of the Dibrugarh district in Upper Assam. Dibrugarh also serves as the headquarters of the Sonowal Kach ...

Kokrajhar Kokrajhar () is a town in the Bodoland Territorial Region, an Autonomous administrative divisions of India, autonomous territory in Assam, one of the Northeast India, North Eastern states of India. History Under the Kingdom of Bhutan From the ...

Silchar Silchar is a city and the headquarters of the Cachar district of the state of Assam, India. It is second largest city of Assam after Guwahati in terms of population and GDP. It is also administrative capital of Barak Valley division. It is locate ...

Tezpur Tezpur () is a city in Sonitpur district, Assam state, India. Tezpur is located on the banks of the river Brahmaputra, northeast of Guwahati, and is the largest of the north bank cities. History Tezpur was under the rule of the Koch dynasty ...

and Diphu. Among these offices there are 473 branches operation across all 33 districts of Assam through which the bank is serving its customers. The bank is one of the leading banks in the state of Assam.

References

Regional rural banks of India Companies based in Assam 2006 establishments in Assam Banks established in 2006 Indian companies established in 2006 Economy of Guwahati Punjab National Bank {{asia-bank-stub

Bank structure

See also

References