Assam Gramin Bank

Overview

Assam Gramin Bank

former name	Assam Gramin Vikash Bank (2006–2025)
native name	অসম গ্রামীণ বেংক
type	Regional Rural Bank
predecessor	Pragjyotish Gaonlia Bank (1976) Lakhimi Gaonlia Bank (1980) Cachar Gramin Bank (1981) Subansiri Gaonlia Bank (1982) Langpi Dehangi Rural Bank (1982)
foundation	January 12, 2006
location city	Guwahati, Assam
location country	India
area served	Assam
key people	Vinay Kumar (Chairman) Ugresh Kumar (General Manager) Shri Lingaraj Luha (General Manager)
industry	Financial Regional Rural Banks
products	Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
services	Financial services Banking
owner	Government of India (50%) Government of Assam (15%) Punjab National Bank (35%)
num locations	473
parent	Ministry of Finance, Government of India
homepage	https://agvb.bank.in/

Assam Gramin Bank[1] (AGB) is an Indian Regional Rural Bank (RRB) in Assam established on 1 April 2019.[2] The bank was formed by the amalgamation of Assam Gramin Vikash Bank and Langpi Dehangi Rural Bank. It currently has 473 branches in Assam.It is under the ownership of Ministry of Finance, Government of India. It is sponsored by Punjab National Bank & is jointly Owned by the Government of India, Government of Assam and Punjab National Bank. According to Notification No. S.O. 4831(E), the Assam Gramin Vikash Bank has been renamed as Assam Gramin Bank. On the request of its sponsor Punjab National Bank (PNB).[3]

History

As part of the restructuring process initiated in 2005, RRBs sponsored by the same banks were amalgamated to improve operational efficiency. Pragjyotish Gaonlia Bank was the first RRB established in Assam on July 6, 1976.

Assam Gramin Vikash Bank (2006-2019)

Assam Gramin Vikash Bank was a Regional Rural Bank headquartered in Guwahati, India. Govt. of India vide Notification No. F.1. (25)/2005 dated 12 January 2006 established it as a Regional Rural Bank as per Regional Rural Banks Act of 1976. By amalgamation, on 12 January 2006, of the following 4 banks, Pragjyotish Gaonlia Bank (Estd. 06-07-1976), Lakhimi Gaonlia Bank (Estd. 29-07-1980), Cachar Gramin Bank (Estd. 31-03-1981) and Subansiri Gaonlia Bank (Estd. 30-03-1982) sponsored by United Bank of India, to participate more energetically, in the upliftment and development of Rural Farm Sector and Rural Non-Farm Sector. It was under the ownership of Ministry of Finance, Government of India.

Langpi Dehangi Rural Bank (1982-2019)

Langpi Dehangi Rural Bank (LDRB) was an Indian rural bank (RRB). It was created on 27 January 1982 under Section 3 (1) of Regional Rural Bank Act 1976. under the sponsorship of the State Bank of India. The Head office of the Bank was situated at Diphu, the district headquarters of Karbi Anglong District.

The bank’s primary area of operation consists of the Karbi Anglong and Dima Hasao districts in the state of Assam. It was the sole independent RRB in those districts. The Bank had a total network of 59 branches: 33 branches in Karbi Anglong District, 16 branches in West Karbi Anglong and 10 branches in Dima Hasao.

On 23 October 2025, Ministry of Finance, Government of India announce the renaming of several Regional Rural Banks (RRBs) to simplify their names and align them with their states. Changes include Assam Gramin Vikash Bank becoming Assam Gramin Bank and several others being renamed after requests from their sponsor banks. The functional jurisdiction and operations of these banks remain unchanged.[4]

On 22 February 2019, through Gazette Notification No. 855, the Government of India has amalgamated Assam Gramin Vikash Bank sponsored by United Bank of India and Langpi Dehangi Rural Bank sponsored by State Bank of India into a single Regional Rural Bank named Assam Gramin Vikash Bank. This new entity is sponsored by United Bank of India, and its head office is located in Guwahati. Assam Gramin Vikash Bank (AGVB) has come into existence from 1 April 2019 with its strong network of 473 branches. Further after amalgamation of United Bank of India with Punjab National Bank, the sponsorship of the bank has gone to Punjab National Bank w.e.f 1 April 2020.

Assam Gramin Bank

History

Assam Gramin Vikash Bank (2006-2019)

Langpi Dehangi Rural Bank (1982-2019)

Bank structure

See also

External links

References