UGB Profile
Uttarakhand Gramin Bank, sponsored by the State Bank of India established under the RRBs Act 1976, came into existence on 1st Nov. 2012, after the amalgamation of the Two Erstwhile RRBs viz. Uttaranchal Gramin Bank, Dehradun (Sponsored by SBI) & Nainital Almora Kshetriya Gramin Bank, Haldwani (Sponsored by Bank of Baroda) in Uttarakhand stateUttarakhand Gramin Bank is authorised to do banking business defined in Section 6 of Banking Regulation Act 1949. The Deposits of Uttarakhand Gramin Bank are insured as per rules by Deposit Insurance & Credit Guarantee Corporation.
The share capital of the bank is Rs. 4214.87 Lacs as on 31.03.2021 contributed by the Central Government, State Government and Sponsor Bank in the ratio 50:15:35 respectively.
Branch Network
Uttarakhand Gramin Bank is the second largest bank of Uttarakhand in terms of Branch Network. The area of operation of the Bank is spread with a network of 286 branches covering all 13 districts.Being the area of operation of the Bank as rural having this population density, it has 216 Rural branches, 41 Semi-Urban branches & 29 Urban branches.
