Pragathi Gramin Bank was a Regional Rural Bank established under Regional Rural Banks' Act 1976, was a Scheduled Bank jointly owned by

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 ...

Canara Bank Canara Bank is an Indian public sector bank under the control and ownership of Ministry of Finance, Government of India. Established in 1906 at Mangalore by Ammembal Subba Rao Pai, the bank also has offices in London, Dubai and New York. Hist ...

and

Government of Karnataka The Government of Karnataka, abbreviated as, GoK, or simply Karnataka Government, is a democratically-elected state body with the governor as the ceremonial head to govern the Southwest Indian state of Karnataka. The governor who is appointed ...

(share capital contributed in the ratio of 50:35:15 respectively), permitted to carry all kinds of banking business. The Bank was operating in 9 districts of Karnataka, having its Head Office at

Ballari Bellary, officially Ballari, in the eponymous Bellary district, is a city in the state of Karnataka, India. History Bellary was a part of Rayalaseema (Ceded Districts) which was part of Madras Presidency till 1 November 1956. The Balla ...

. Pragathi Krishna Gramin Bank with Head Office at Bellary was started on 23 August 2013 with the amalgamation of 2 RRBs viz,

Sponsored Pragathi Gramin Bank (Headquartered at Bellary) and erstwhile

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 ...

Sponsored Krishna Grameena Bank (Headquartered at Kalaburagi). The Bank was formed as per gazette Notification of

No. F1/5/2011- RRB (

Karnataka Karnataka (; ISO: , , also known as Karunāḍu) is a state in the southwestern region of India. It was formed on 1 November 1956, with the passage of the States Reorganisation Act. Originally known as Mysore State , it was renamed ''Karnat ...

) dated 23 August 2013.

History

Year - event * 1976 - Tungabhadra Gramin Bank established on 25 Jan * 2005 - Pragathi Gramin Bank formed on 12 Sep * 2013 - The Bank was amalgamated with Krishna Grameena Bank to form Pragathi Krishna Gramin Bank, on 23 August (Headquartered at

References

External links

Official Website

Internet Banking
{{SBI Regional rural banks of India Banks based in Karnataka Companies based in Ballari Banks established in 2005 Indian companies established in 2005 2005 establishments in Karnataka Banks disestablished in 2013 Indian companies disestablished in 2013 2013 disestablishments in Karnataka

History

See also

References

External links