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Aryavart Bank
Regional Rural Bank in Uttar Pradesh, India From Wikipedia, the free encyclopedia
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The Aryavart Bank (AB) was an Indian Regional Rural Bank (RRB) in Uttar Pradesh established on 1 April 2019.[1] The bank was formed by the amalgamation of Gramin Bank of Aryavart and Allahabad UP Gramin Bank. It currently has 1365 branches and 22 regional offices[2] in rural areas of Uttar Pradesh.
It functions under Regional Rural Banks' Act 1976 and is sponsored by Bank of India.
Gramin Bank of Aryavart and Allahabad UP Gramin Bank merged with name Aryavart Bank w. e. f. 01.04.2019.
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History
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Gramin Bank of Aryavart
Gramin Bank of Aryavart (GBA) sponsored by Bank of India established on April 1, 2013 as per Government of India notification No. F.No. 7/9/2011-RRB(UP-1) dated 01-04-2013 by amalgamation of two Regional Rural Banks viz. Aryavart Kshetriya Gramin Bank sponsored by Bank of India and Shreyas Gramin Bank sponsored by Canara Bank. The amalgamated entity functions under Regional Rural Banks Act 1976 Headquartered at Lucknow under the sponsorship of Bank of India. The GBA was operating in 15 districts in the State of Uttar Pradesh with a network of 651 Branches & 11 Regional Offices.
Aryavart Kshetriya Gramin Bank
Aryavart Kshetriya Gramin Bank (AKGB), sponsored by Bank of India established on October 1, 2012 as per Government of India notification no. F.No.1/3/2011-RRB dated 01-10-2012 by amalgamation of two (RRBs) viz. Aryavart Gramin Bank sponsored by Bank of India and Kshetriya Kisan Gramin Bank sponsored by UP Cooperative Bank Limited, Lucknow.
Aryavart Gramin Bank
As part of the restructuring process initiated in 2005, RRBs sponsored by the same banks were amalgamated to improve operational efficiency and service delivery.
Aryavart Gramin Bank (AGB), sponsored by Bank of India headquartered at Lucknow established on October 3, 2006 as per Government of India notification no. F.No.1/4/2006-RRB dated October 3, 2006 by amalgamation of three Regional Rural Banks viz. Avadh Gramin Bank, Barabanki Gramin Bank and Farrukhabad Gramin Bank All the three RRBs were sponsored by Bank of India. The amalgamated entity functions under Regional Rural Banks Act 1976 and was sponsored by Bank of India.
- Avadh Gramin Bank was established on june 7, 1977 under Regional Rural Banks Act 1976 vide Government of India's notification no. F-1/77-RRB (III) dated 07-06-1977 as Hardoi-Unnao Gramin Bank. The name was subsequently changed to Avadh Gramin Bank on December 4, 1987 after inclusion of Lucknow district under area of operation of the Bank, vide Government of India's notification no. F 1-27/84-RRB dated 04-12-1987. It had 120 branches at the time of amalgamation on October 3, 2006.
- Barabanki Gramin Bank was established on March 26, 1976 under Regional Rural Banks Act 1976 vide Government of India's notification no.dated 26-03-1976. It had 92 branches at the time of amalgamation on October 3, 2006.
- Farrukhabad Gramin Bank was established on March 29, 1976 under Regional Rural Banks Act 1976 vide Government of India's notification no. F 4-90/75-AC(I) dated 29-03-1976. It had 81 branches and 1 extension counter at the time of amalgamation on October 3, 2006.
Kshetriya Kisan Gramin Bank
Kshetriya Kisan Gramin Bank sponsored by U.P. Cooperative Bank Ltd., Lucknow established on May 20, 1980 under Regional Rural Banks' Act 1976 vide Government of India's notification no. F14-3/79-RRB(13) dated 28-10-1980. It had 63 branches at the time of amalgamation on October 1, 2012 (40 branches in Mainpuri district and 23 branches in Firozabad district).
Shreyas Gramin Bank
Shreyas Gramin Bank, sponsored by Canara Bank established on June 1, 2006 as per Government of India notification No. F. No. : 1/4/2006-RRB (i) dated 1st June 2006 by amalgamation of three Regional Rural Banks viz. Aligarh Gramin Bank, Etah Gramin Bank & Jamuna Gramin Bank. The area of operation of the Bank was in Aligarh, Hathras, Etah, Manyawar Kanshiram Nagar, Agra, Mathura & Firozabad Districts with its network of 203 Branches.
Allahabad UP Gramin Bank
Allahabad UP Gramin Bank sponsored by Allahabad Bank was a regional rural bank (RRB) headquartered in Banda established in 2010 as per Government of India Gazette Notification of March 2, 2010 issued by the Indian Ministry of Finance under Sub-Section (1) of Section 23 A of the Regional Rural Bank Act, 1976 (21 of 1976). By the amalgamation of Lucknow Kshetriya Gramin Bank and Sitapur and Triveni Kshetriya Gramin Bank, Orai.[3]
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Bank structure
The Head Office was located at Lucknow.[4] There were over twenty regional offices. The Aryavart Bank was operating in 26 districts namely Agra, Aligarh, Ayodhya, Bahraich, Banda, Barabanki, Chitrakoot, Etah, Farrukhabad, Firozabad, Hamirpur, Hardoi, Hathras, Jalaun, Kannauj, Kasganj, Lakhimpur, Lucknow, Mahoba, Mainpuri, Mathura, Mirzapur, Shravasti, Sitapur, Sonbhadra and Unnao in the State of Uttar Pradesh with a network of 1365 branches & 23 regional offices.
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Area of operations
The Aryavart Bank has the unique distinction of having had as many different RRBs earlier functioning in different parts of Uttar Pradesh, merged with it at various points of time. The bank operates in over 25 districts.
Awards
On 19 June 2008 Aryavart Gramin Bank received Ashden Award 2008.[5] This award was for an innovative scheme to make available finance for Solar Home Lighting Systems (SHS) with a slogan "Ghar Ghar Me Ujala" (Light in every house) mainly to provide ambient light at home to improve living standard, education, health and welfare of the people residing in rural, semi urban and even in urban areas beset with frequent power cuts.
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See also
References
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