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Malwa Gramin Bank is a proud project of
State Bank of Patiala. The Bank was
established on 27th Dec, 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 2008-09. The
deposits Increased by 36.81%. The advances
of the Bank registered a growth of 23.92%.
In absolute terms the deposits grew to the
tune of Rs. 429.97 crore with a net increase
of Rs. 115.69 crore over 2007-08 against
budgeted figure of Rs. 425.00 crore. The
advances of the Bank grew to the tune of Rs.
342.05 crore , a net increase of 66.01 crore
over 2007-08. The Bank not only achieved but
also surpassed the target of 30% additional
flow of credit to Agriculture Sector as
allotted by the Govt.of India.
The Bank has posted a Net Profit of 875.99
lac during 2008-09 against 776.51 lac during
2007-08.
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