South Malabar Gramin Bank
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South Malabar Gramin Bank () Malappuram Kottakunnu (now
Kerala Gramin Bank Kerala Gramin Bank (KGB) is a Regional Rural Bank (RRB), headquartered at Malappuram in Kerala, India. The bank is jointly owned by Central and State Governments & sponsored by Canara Bank. It is under the ownership of Ministry of Finance , ...
) was a
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 ...
in
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 ...
, and had its headquarters at
Malappuram Malappuram (also Malapuram) () is a city in the Indian state of Kerala, spread over an area of including the surrounding suburban areas. The first municipality in the district formed in 1970, Malappuram serves as the administrative headquarter ...
in
Kerala Kerala ( ; ) is a state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile regions of Cochin, Malabar, South ...
. Its area of operation was limited to 8 districts in
Kerala Kerala ( ; ) is a state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile regions of Cochin, Malabar, South ...
, India. It had been financing farm & non-farm sectors and other employment generation programs through its 506 branches spread over these 8 districts. As per Government of India notification dated 08.07.2013, amalgamation of South Malabar Gramin Bank and North Malabar Gramin Bank sponsored by
Syndicate Bank Syndicate Bank was one of the oldest and major commercial banks of India. It was founded by Upendra Ananth Pai, T. M. A. Pai and Vaman Srinivas Kudva. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndi ...
had been effected into a single entity as
Kerala Gramin Bank Kerala Gramin Bank (KGB) is a Regional Rural Bank (RRB), headquartered at Malappuram in Kerala, India. The bank is jointly owned by Central and State Governments & sponsored by Canara Bank. It is under the ownership of Ministry of Finance , ...
with its head office at Malappuram and sponsor bank as Canara Bank after consulting NABARD, concerned sponsor banks and State government of Kerala. Government of India notification is effective from 08.07.2013


See also

* Chelembra Bank Robbery *
Kerala Bank Kerala State Co-operative Bank Limited, branded as Kerala Bank, is a co-operative bank set up by the Government of Kerala, India. History The bank was established in 2019 by amalgamating 13 District co-operative banks in Kerala with the Ker ...


References


SMGB HomePage

Branch Details
Defunct banks of India Banks established in 1976 Banks disestablished in 2013 1976 establishments in Kerala Indian companies established in 1976 Indian companies disestablished in 2013 Banks based in Kerala {{india-company-stub