Northern malabar gramin bank

bank

1. Northern Malabar G ramin B ank and NABARD Presented by : Himanshu

2. North Malabar Gramin Bank (NMGB; Malayalam: was a Regional Rural Bank in Kerala, India. It was established in 1976 as a Scheduled Commercial Bank as per Regional Rural Banks Act of 1976 to provide banking facilities in the North Malabar region. It operated in seven districts of Kerala with the headquarters at Kannur, and had 222 branches as of 14 June 2013. The bank distinguished itself as one of the few profit making RRBs in India before its amalgamation. On 8 July 2013 , as per a notification by Government of India, North Malabar Gramin Bank (sponsored by Syndicate Bank) and South Malabar Gramin Bank (sponsored by Canara Bank) were amalgamated into a single entity as the Kerala Gramin Bank, with its head office at Malappuram , and Canara Bank as the sponsor bank, after consulting NABARD, the concerned sponsor banks and the Government of Kerala .

3. NMGB The Bank's Board of Directors had the following members before its amalgamation into Kerala Gramin Bank P. Madhu , Chairman Dr Tapan Kumar Pradhan V. Asokan P. Dinesh

4. Kerala G ramin B ank Kerala Gramin Bank (KGB) is a Regional Rural Bank (RRB) formed on 08.07.2013, under the Sub-Section (1) of Section 3 of the RRB Act 1976 (27 of 1976). The bank was formed by amalgamating the two RRBs of Kerala namely South Malabar Gramin Bank and North Malabar Gramin Bank through a notification by the government of India. The head office of Kerala Gramin Bank is at Malappuram and the sponsor bank is Canara Bank. Kerala Gramin Bank is the largest Regional Rural Bank in the country with a total business of above Rs . 26,800 Crore and a network of 600 branches spread all over Kerala. The Bank has a well dedicated team of 3500 plus staff members. It is having dominant presence in all the 14 districts of Kerala State and is the only RRB in the State.

5. The share capital of the bank is Rs . 2 Crore contributed by the Central Government, State Government and Sponsor Bank in the ratio 50:15:35 respectively. As on 08.07.2013 Bank’s total Deposits stood at Rs . 7306 Crores and total advance at 7707 Crore . The main focus of the bank is to initiate appropriate intervention for overall economic upliftment of the people of Kerala by giving financial assistance to the sectors like Agriculture, Micro, Small and Medium Enterprises, education, housing, micro-credit, weaker sections, SC/ST communities etc. KGB has carved a niche for itself through its 39 year old history of dedicated and customized service to the clientele by its predecessor RRBs. With 600 branches as on 30.10.2016, it is the third largest bank in Kerala in terms of branch network. Further, its CD ratio is the highest among major banks of Kerala. KGB leads other Banks in the state in the number of persons assisted under Kisan Credit Card (KCC) and SME (Priority) schemes.

6. NABARD: NATIONAL BANK FOR AGRICULTURAL AND RURAL DEVELOPMENT

7. NABARD is set up as an Apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts. It also has the mandate to support all other allied economic activities in rural areas, promote integrated and sustainable rural development and secure prosperity of rural areas In discharging its role as a facilitator for rural prosperity NABARD is entrusted with 1 . Providing refinance to lending institutions in rural areas   2. Bringing about or promoting institutional development and   3. Evaluating, monitoring and inspecting the client banks

8. Besides this pivotal role, NABARD also : Acts as a coordinator in the operations of rural credit institutions Extends assistance to the government, the Reserve Bank of India and other organizations in matters relating to rural development Offers training and research facilities for banks, cooperatives and organizations working in the field of rural development Helps the state governments in reaching their targets of providing assistance to eligible institutions in agriculture and rural development Acts as regulator for cooperative banks and RRBs

9. Organizational Structure

10. Branches and O verview NABARD is set up by the Government of India as a development bank with the mandate of facilitating credit flow for promotion and development of agriculture and integrated rural development. The mandate also covers supporting all other allied economic activities in rural areas, promoting sustainable rural development and ushering in prosperity in the rural areas . With a capital base of Rs 2,000 crore provided by the Government of India and Reserve Bank of India , it operates through its head office at Mumbai, 31 regional offices situated in state capitals and 535 district offices at districts. It is an apex institution handling matters concerning policy, planning and operations in the field of credit for agriculture and for other economic and developmental activities in rural areas. Essentially, it is a refinancing agency for financial institutions offering production credit and investment credit for promoting agriculture and developmental activities in rural areas.

11. NABARD today Initiates measures toward institution-building for improving absorptive capacity of the credit delivery system, including monitoring, formulation of rehabilitation schemes, restructuring of credit institutions, training of personnel, etc . Coordinates the rural financing activities of all the institutions engaged in developmental work at the field level and maintains liaison with the government of India , State governments, the Reserve Bank of India and other national level institutions concerned with policy formulation. Prepares, on annual basis, rural credit plans for all the districts in the country. These plans form the base for annual credit plans of all rural financial institutions Undertakes monitoring and evaluation of projects refinanced by it promotes research in the fields of rural banking, agriculture and rural development Functions as a regulatory authority, supervising, monitoring and guiding cooperative banks and regional rural banks .

12. NABARD's Roles and Functions are summarized below : Credit Functions Developmental and Promotional Functions Supervisory Functions Institutional and Capacity building Role in Training

13. Subsidaries NABCONS NABARD Consultancy Services ( Nabcons ) is a wholly owned subsidiary promoted by National Bank for Agriculture and Rural Development (NABARD) and is engaged in providing consultancy in all spheres of agriculture, rural development and allied areas with The Company is registered under the Company's Act, 1956, with an authorized capital of Rs 250 million (US $5.75 million) and paid up capital of Rs 50 million (US $1.15 million ).

14. NAFBINS   NABARD Financial Services Limited, [NABFINS] is a subsidiary of National Bank for Agriculture and Rural Development (NABARD) with equity participation from NABARD, Government of Karnataka, Canara Bank, Union Bank of India, Dhanalakshmi Bank and Federal Bank. It is a non-deposit taking NBFC registered with the Reserve Bank of India and shall operate throughout India .

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