Our Hon’ble Chairman receiving the award for Best banker award for SHG Linkage among RRB from Shri Sushil Modi, Hon’ble Dy. Chief Minister of Bihar.
Our Hon’ble Chairman receiving the award for Best banker award for JLG Linkage among RRB from Shri Sushil Modi, Hon’ble Dy. Chief Minister of Bihar.
On 15-10-2013, Bihar Gramin Bank formed after amalgamating Samastipur Khetriya Gramib Bank in to Bihar Kshetriya Gramin Bank and Head Office at Begusarai.
8th BMs Review meeting of RO Begusarai conducted on 05 December 2013 at Head Office Begusarai.
Honorable Chairman inaugurating the induction training program of newly recruited officer JMGS-I.
Honorable Chairman along with Board members Sri L.K.Panda, GM UCO Bank and Sri S.K.Mazumdar DGM, NABARD welcome newly appointed Sri Raj Kishore Singh as Board member nominated by Centeral Govt.
The Narasimham committee on rural credit recommended the establishment of Regional Rural Banks (RRBs) assuming that they would be much better suited than the commercial banks or co-operative banks in meeting the needs of rural areas. Accepting the recommendations of the Narasimham committee, the Govt. of India passed the Regional Rural Banks Act, 1976. The main objective of RRBs is to provide credit and other facilities particularly to the small and marginal farmers, agricultural laborers, artisans and small entrepreneurs and develop agriculture, trade, commerce, industry and other productive activities bridging the credit gap in rural areas.
The establishment of the Regional Rural Banks (RRBs) was initiated in 1975 under the provisions of the ordinance promulgated on 26.9.1975 and thereafter Section 3(1) of the RRB Act, 1976. The issued capital of RRBs is shared by Central Government, sponsor bank and the State Government in the proportion of 50%, 35% and 15% respectively.
Bihar Gramin Bank, sponsored by UCO Bank, came into existence vide Govt. of India notification dated 15th October,2012 by amalgamating 2 RRBs namely Bihar Kshetriya Gramin Bank and Samastipur Kshetriya Gramin Bank in exercise of the powers conferred by sub-section (1) of section 23A of the Regional Rural Banks act, 1976 (21 of 1976).
The Bank has penetrated every corner of the 9 districts of Bihar and extended a helping hand in the growth process of the area. The Primary objective of the Bank is to finance farm & non-farm sectors and other employment generation programs, delivering the best possible customer service and also keeping in mind to turn all the branches into profit making business centers.