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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 309 villages with 41
branches.
The bank achieved tremendous growth in
business during the year 2005-2006.The deposits increased by 23.43%.The
advances of the bank registered a growth of 30.45%.in absolute terms advances grew to tune of
Rs.3480.53 lacs against the budgeted growth goal of 2971.04 lacs and the deposits
recorded a growth of Rs.3636.87 lacs against a budgeted growth target of 2980.71
lacs.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 the net Profit
of 837.17 Lac's for the financial year ended 31st Mar 2006.
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