North Malabar Gramin Bank (NMGB; ml, നോർത്ത് മലബാർ ഗ്രാമീൺ ബാങ്ക്) 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 ...

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 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 was established in 1976 as a Scheduled Commercial Bank as per the Regional Rural Banks Act of 1976 to provide banking facilities in the

North Malabar North Malabar refers to the geographic area of southwest India covering the state of Kerala's present day Kasaragod, Kannur, and Wayanad districts, and the taluks of Vatakara, Koyilandy, and Thamarassery in the Kozhikode District of Kerala and t ...

region. It operated in seven districts of Kerala with the headquarters at

Kannur Kannur (), formerly known in English as Cannanore, is a city and a municipal corporation in the state of Kerala, India. It is the administrative headquarters of the Kannur district and situated north of the major port city and commercial hu ...

, and had 222 branches . The bank distinguished itself as one of the few profit making RRBs in India before its amalgamation. On 8 July 2013, per a Government of India notification, 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 ...

) and

South Malabar Gramin Bank South Malabar Gramin Bank () Malappuram Kottakunnu (now Kerala Gramin Bank) was a Regional Rural Bank in India, and had its headquarters at Malappuram in Kerala. Its area of operation was limited to 8 districts in Kerala, India. It had been finan ...

(sponsored by Canara Bank) were amalgamated into a single entity as the

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 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 ...

, and Canara Bank as the sponsor bank, after consulting

NABARD National Bank for Agriculture and Rural Development (NABARD) is an apex regulatory body for overall regulation of regional rural banks and apex cooperative banks in India. It is under the jurisdiction of Ministry of Finance, Government of India ...

, the concerned sponsor banks and the

Government of Kerala Government of Kerala is the Subnational administrative division, subnational government of the Indian state of Kerala. The government is led by a chief minister, who selects all the other ministers. The chief minister and their most senior mini ...

Board of directors

The bank's board of directors had the following members before its amalgamation into

* P. Madhu, Chairman * Dr Tapan Kumar Pradhan * V. Asokan * P. Dinesh

References

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

Board of directors

See also

References