North Malabar Gramin Bank

North Malabar Gramin Bank (NMGB; Malayalam: നോർത്ത് മലബാർ ഗ്രാമീൺ ബാങ്ക്) was a Regional Rural Bank in Kerala, India. 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 region. It operated in seven districts of Kerala with the headquarters at Kannur, and had 222 branches as of 14 June 2013. The bank distinguished itself as one of the few profit making RRBs in India before its amalgamation.

North Malabar Gramin Bank
TypePublic Sector Bank, sponsored by Syndicate Bank
IndustryFinancial
Commercial banks
SuccessorKerala Gramin Bank
FoundedEstd. under Regional Rural Banks Act 1976
DefunctJuly 7, 2013 (2013-07-07)
HeadquartersKannur, Kerala, India
Websitewww.nmgbank.com

On 8 July 2013, per a Government of India notification, North Malabar Gramin Bank (sponsored by Syndicate Bank) and South Malabar Gramin Bank (sponsored by Canara Bank) were amalgamated into a single entity as the Kerala Gramin Bank, with its head office at Malappuram, and Canara Bank as the sponsor bank, after consulting NABARD, the concerned sponsor banks and the Government of Kerala.[1]

Board of directors

The bank's board of directors[2] had the following members before its amalgamation into Kerala Gramin Bank

See also

References
  1. "Formation of Kerala Gramin Bank notified following merger of two RRBs". The Hindu Business Line. Kochi: Kasturi and Sons. 9 July 2013. Archived from the original on 3 February 2014. Retrieved 30 June 2014.
  2. "NMGB Board".
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.