AGB - Aryavart Gramin Bank

AGB - Aryavart Gramin Bank/ A Joint undertaking of Govt. of India, U.P. Govt. & Bank of India

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Horizontal Scroll: Aryavart Gramin Bank gets India Power Award 2009 in Innovative Financing category. The award was be presented during Green Power VI Conference on 17th November 2009 at New Delhi.

Net Porfit of Rs. 80.75 Crore (financial year 2008-2009)

Aryavart Gramin Bank is first bank in India to avail benefits of Carbon Credit

In order to expand and sustain clean energy through clean development mechanism (CDM) and to avail benefit of carbon credits, the Bank has signed a Memorandum of Understanding with a U.S.A. based corporation to work together for mutually beneficial purpose of sourcing and selling Voluntary Emission Reduction (VER) Carbon Credits. Scope of the Project will include all lending for solar products by the Bank during the project term of Six years. The Bank will use the proceeds from the credits for market development activities with the goal of expanding and sustaining the local market for clean energy, inter alia establishing service centres, providing partial employment to rural youth by imparting training and providing toolkit for maintenance and repair of Solar Home Lighting Systems financed by the bank.

31^st March 2010:

First two branches of the bank, viz., Lucknow main (Nirala Nagar) and Banthra migrated to Core Banking platform.

17^th Dec 2009:

New branch opened at Buxi Ka Talab, Lucknow district

09^th Nov 2009:

Sri Alok Kumar Misra, Chairman and Managing Director (CMD), Bank of India visited our Head Office on 09-11-2009. He congratulated all staff members for winning India Power Award 2009 in Innovative Financing category. He encouraged them to continue the good work to become number one RRB in the country. He emphasised that India will see increased investment in rural sector in coming years and RRB will play an important role in the rural development.

04^th Nov 2009:

Sri Charan Singh, DGM, Bank of India has joined as Chairman of Aryavart Gramin Bank replacing Sri N.C. Khulbe who has been transferred to Head Office, Bank of India.

07^th June 2009:

Sri U.C. Sarangi, Chairman, NABARD visited Gondwa branch of Aryavart Gramin Bank (AGB) in Hardoi district. He was accompanied by Sri D.P. Misra, CGM, NABARD, U.P. Region. The visit was intended to see the exceptional work done by Aryavart Gramin Bank in financing Solar Home Lighting System (SHLS), mainly in Bhamrauli village where 100% households have been financed for SHLSs by AGB.

24^th April 2009:

New branch opened at Kalyanpur, Lucknow District.

28^th March 2009:

Shri M. Narendra, Executive Director, Bank of India and Shri A.P.Ghugal, General Manager, Bank of India visited our Head Office at Lucknow.

Shri M. Narendra inaugurated the system of video conferencing in the bank at Head Office. Shri M. Narendra & Shri Ghugal interacted with Senior Managers posted at Regional Office Kannauj and Hardoi through Video Conferencing.

Thereafter, Shri Narendra and Shri Ghugal participated in a big credit camp oraganised at Barabanki Regional Office. In the camp 35 tractor loans, 4 truck loans, and 1200 loans for purchase of Solar Home Lighting Systems were disbursed. In the camp Shri Narendra and Shri Ghugal addressed the customers and villagers.