Assam Gramin Vikash Bank is the only

regional rural bank Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance , Government of India. They were creat ...

Assam Assam (; ) is a state in northeastern India, south of the eastern Himalayas along the Brahmaputra and Barak River valleys. Assam covers an area of . The state is bordered by Bhutan and Arunachal Pradesh to the north; Nagaland and Manipur ...

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

. 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 different ...

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Eco ...

Government of India The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, c ...

. 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 (abbreviated as PNB) is an Indian public sector bank headquartered in Delhi. The bank was founded in May 1894 and is the second largest government-owned bank in India, both in terms of its business volumes and its network ...

. 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 public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 49th largest bank in the world by total assets and ranked 221st in the ''Fortune ...

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 (Pron: nɔ:lˈbɑ:rɪ) is a town and a municipal board in Nalbari district in the Indian States and territories of India, state of Assam. Nalbari town is also the headquarters of Nalbari district, Nalbari District. The town is one of ma ...

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 administrative ...

, Lakhimpur,

Guwahati Guwahati (, ; formerly rendered Gauhati, ) is the biggest 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 ...

Dibrugarh Dibrugarh (pron: ˌdɪbru:ˈgɑ:) is an industrial city in Upper Assam with sprawling tea gardens. It is located 435 kms East from the state capital of Dispur. It serves as the headquarters of Dibrugarh district in the state of Assam in ...

Kokrajhar Kokrajhar () is a town in the Bodoland Territorial Region, an autonomous territory in Assam, one of the North Eastern states of India. Kokrajhar town is located along the bank of the river Gaurang. The North East Indian Railways divides the ci ...

Silchar Silchar is a city and the headquarters of the Cachar district of the state of Assam, India. It is located south east of Guwahati. It was founded by Captain Thomas Fisher in 1832 when he shifted the headquarters of Cachar to Janiganj in Silchar. ...

Tezpur Tezpur () is a city and urban agglomeration 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 with a population exceeding 100, ...

and

Diphu Diphu (Pron:ˈdɪfu:) is the headquarter of Karbi Anglong district in the state of Assam in India. This small town is a popular tourist hill station for people of nearby cities. Etymology The word ''Diphu'' came from Dimasa language, meaning ' ...

. 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 {{asia-bank-stub

Bank structure

See also

References