Utkal Grameen Bank information

Utkal Grameen Bank
Company type	Regional Rural Bank
Industry	Banking, Financial services
Founded	2012
Headquarters	Bolangir, India
Area served	Odisha State
Key people	Alekha Chandra Beura ; (Chairman)
Products	Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management
Net income	INR 90.15 Million
Owner	Government of India (50%); Government of Odisha (15%); State Bank of India (35%);
Number of employees	1339
Parent	Ministry of Finance , Government of India.
Website	www.utkalgrameenbank.co.in

Utkal Grameen Bank^[1] (UGB) (Odia: ଉତ୍କଳ ଗ୍ରାମୀଣ ବ୍ୟାଙ୍କ) is a Regional Rural Bank established on 1 November 2012 with the merger^[2] of Rushikulya Gramya Bank and Utkal Gramya Bank in terms of provisions of Regional Rural Banks Act 1976. The bank is sponsored by State Bank of India & is jointly Owned by the Government of India, Government of Odisha and SBI.It is under the ownership of Ministry of Finance , Government of India.

The shareholders of the Bank are Govt. of India (50%), State Bank of India (35%) and Govt. of Odisha (15%). The Bank is operating in 17 districts of Odisha State with its Head Office at Bolangir. Besides, the bank has seven Regional Offices in western and southern Odisha.

^ "UGB Website".
^ "UGB formed by merger of two RRBs".Business Standard, 28 November 2012

[1] "UGB Website".

[2] "UGB formed by merger of two RRBs".Business Standard, 28 November 2012

Utkal Grameen Bank information

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