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Malwa Gramin
Bank is a proud project of State Bank of
Patiala. The Bank was established on 27th
Feb 1986. At present the Bank is
operating in 362 villages with 51
branches and is operating in 5
Districts of Punjab.
The Bank achieved
tremendous growth in business during the
year 2009-10. The deposits Increased by
19.01%. The advances of the Bank registered
a growth of 20%. In absolute terms the
deposits grew to the level of Rs. 511.73
crore with a net increase of Rs. 81.75 crore
over 2008-09. The advances of the Bank grew
to the tune of Rs. 410.44 crore, a net
increase of Rs. 68.39 crore over 2008-09.
The Bank not only achieved but also
surpassed the target of 30% additional flow
of credit to Agriculture Sector as allocated
by the Govt. of India.
The Bank has posted a Net Profit of Rs.
886.00 lac during 2009-10 against Rs. 875.99
lac during 2008-09.
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