Banking, Insurance, Capital Markets and allied industries
Predecessor
Sahyadri, Chitradurga, Tungabhadra and Kolar Gramin Banks
Founded
12 September 2005; 18 years ago (2005-09-12)
Defunct
23 August 2013 (2013-08-23) amalgamated with Karnataka Gramin Bank
Successor
Pragathi Krishna Gramin Bank
Headquarters
Ballari
Number of locations
Raichur, Koppal, Bellary, Vijayanagara, Chitradurga, Davanagere, Shimoga, Kolar and Chikkaballapura
Area served
Karnataka
Products
Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes
Services
Loans, Deposits, ATM Services, National Electronic Fund Transfer (NEFT), Debit Card[1]
Parent
Canara Bank (35%)
Website
pragathigrameenabank.com or pragathigraminabank.com or pragatigraminbank.com
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, Canara Bank and Government of Karnataka (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.[2][3][4]
Pragathi Krishna Gramin Bank with Head Office at Bellary was started on 23 August 2013 with the amalgamation of 2 RRBs viz, Canara Bank Sponsored Pragathi Gramin Bank (Headquartered at Bellary) and erstwhile State Bank of India Sponsored Krishna Grameena Bank (Headquartered at Kalaburagi).[5] The Bank was formed as per gazette Notification of Government of India No. F1/5/2011- RRB (Karnataka) dated 23 August 2013.[6][7]
^"Performance Highlights". Archived from the original on 1 August 2015. Retrieved 21 December 2021.
^"Pragathi Gramin Bank - Branches, ATMs, IFSC Codes, MICR Codes, Swift Codes". www.getbankcode.com. Retrieved 21 December 2021.
^Bhattacharjee, Subhomoy (7 September 2019). "The largest rewrite of the banking history and merger's cultural traps". Business Standard India. Retrieved 22 December 2021.
^Vinayak, A. J. (7 February 2019). "2 RRBs in Karnataka to be amalgamated". @businessline. Retrieved 10 October 2021.
^"Two rural banks merged". Deccan Herald. 25 August 2013. Retrieved 21 December 2021.
^"Karnataka RRBs merged post ministry notification". The Economic Times. Retrieved 21 December 2021.
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