Down the Memory Lanes

Aryavart Gramin Bank:

Erstwhile Aryavart Gramin Bank, a Regional Rural Bank, was constituted on 3rd October 2006 after amalgamation of three Regional Rural Banks (RRBs) namely Avadh Gramin Bank, Barabanki Gramin Bank and Farrukhabad Gramin Bank as per Government of India notification no. F.No.1/4/2006-RRB dated 03-10-2006. The said three RRBs were sponsored by Bank of India and had location proximity. Like the parental bodies, the amalgamated entity functions under Regional Rural Banks’ Act 1976 and was sponsored by Bank of India.

The erstwhile Avadh Gramin Bank was constituted on 07-06-1977 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 04-12-1987 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 03-10-2006.

The erstwhile Barabanki Gramin Bank was constituted on 26-03-1976 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 03-10-2006.

The erstwhile Farrukhabad Gramin Bank was constituted on 29-03-1976 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 03-10-2006.

Kshetriya Kisan Gramin Bank:

Kshetriya Kisan Gramin Bank was established on 20-05-1980 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 01-10-2012 (40 branches in Mainpuri district and 23 branches in Firozabad district) and was sponsored by U.P. Cooperative Bank Ltd., Lucknow.