Uttar Pradesh Gramin Bank Formed from Merger of Three Regional Rural Banks
Aspect | Details |
---|---|
Event | Merger of Aryavart Bank, Prathama Bank, and Baroda UP Bank into Uttar Pradesh Gramin Bank |
Effective Date | 1st May 2025 |
Objective | Ensure financial inclusion, integrated management, and better customer services in rural areas |
Jurisdiction | 26 districts of Uttar Pradesh |
Regional Offices | 22 |
Headquarters | Lucknow |
Sponsoring Bank | Bank of Baroda |
Key Benefits | Ease in loan disbursal, Expansion of digital services, Monitoring of Facilities by NABARD |
NABARD Role | Apex banking institution for agriculture and rural development; headquartered in Mumbai |
NABARD Establishment | Established in 1982 under the National Bank for Agriculture and Rural Development Act, 1981 |