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Malwa Gramin Bank – www.malwagraminbank.com – Malwa Gramin Bank: A Regional Rural Bank

Monday, 27 October 2014

Malwa Gramin Bank came in existence in 1986. It is a Regional Rural Bank (RRB) sponsored by State Bank of Patiala. It operates its banking and financial business.

Malwa Gramin Bank has some customer oriented banking and financial services such as Domestic Term Deposit, Saving Bank Account, Tax Saving Term Deposit and Current Account services.

Malwa Gramin Bank offers Home Loans, Education Loans, Personal Loan, Car Loan, M.G.B Kisan Credit Card, M.G.B Kisan Gold Card, Two Wheeler Loans, Dairy Loans and Consumer Loans also.

Malwa Gramin Bank has established its head office at D.C Office Road, Prem Basati in Sangrur (Punjab). www.malwagraminbank.com is the official website of Malwa Gramin Bank for the latest information regarding recruitment, loans, interest rates, savaging accounts, results, new schemes and other services.

www.malwagraminbank.com has a large network of more than 54 branches in 5 districts of Punjab - Sangrur, Barnala, Patiala, Mohali and Fatehgarh Sahib Districts. The Bank had deposits of Rs. 563.84 crore and advances of Rs. 471.62 crore by March 2011. Malwa Gramin Bank achieved profit of Rs. 9.35 crore by March 2011.

Branches of www.malwagraminbank.com are 100% computerized. These run on 100% Core Banking Solution (CBS) platform.

Malwa Gramin Bank was formed on 27th February, 1986. The Bank has covered more than 371 villages of 5 districts in the State of Punjab with more than 54 branches. www.malwagraminbank.com became 100% computerized bank by 13th October, 2005. It migrated to CBS on 29th July, 2010.

According to NABARD, Malwa Gramin Bank became the 2nd best bank among the 86 RRBs on the basis of financial performance during 2008-2009. It was started its business from the capital of Rs 1.00 crore.

Malwa Gramin Bank is aimed to improve the life of all sectors providing beneficial banking and financial services.

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