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BGVB meaning in Rural Bank in India ? |
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Answer» What is Bangiya Gramin Vikash Bank mean? Bangiya Gramin Vikash Bank (BGVB) is an Indian Regional Rural Bank established as a Gramin bank in terms of provisions of Regional Rural Banks Act 1976. It is sponsored by Punjab National Bank and is owned by Government of India (50% of Share Capital Deposit), Govt. of West Bengal (15% of Share Capital Deposit) and Punjab National Bank (35% of Share Capital Deposit). It is under the ownership of Ministry of Finance , Government of India. The Bank operates in 12 districts (after creation of Jhargram District) of West Bengal State with its Head Office at Baharampur, Murshidabad, West Bengal. It has 587 Branches within its commanding area. reference nan |
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