South Malabar Gramin Bank
South Malabar Gramin Bank
Abaout:
- A Scheduled Commercial Bank in the Public sector in INDIA under Regional Rural Banks Act 1976
- Established in December 1976, with Head Quarters at Malappuram, Kerala state in South India.
- Equity of Rs 1Crore held by Government of India (50%),Goverment of Kerala (15%) and Canara Bank (35%).
- Management expertise provided by Canara Bank, a leading Public Sector Bank
- The Primary objective of the Bank is to finance farm & non-farm sectors and other employment generation programs.
- Operates in 8 Districts with, 229 Branches, 5 REGIONAL/Area offices. A staff strength of 1555.
- A Clientele base of nearly 2 million depositors and one million borrower clients Rated as one of the World's 50 largest Micro Credit Institutions.
- Continuous record of Profit. Total Reserves exceed Rs 150 Crores.
- Investments of over Rs. 475 crores
- Average Working Funds of over Rs. 2500 crores.
- CD Ratio of 99%
- Total NPA reduced from Rs. 89.83 crores to Rs. 54.13 crores - reduction of 39%
- A novel project "SNEHAGRAMAM" clubbing twin objective of Total Financial Inclusion and Money-lender-free villages launched.
Important Links:
- Website: http://www.smgbank.com
Contact Details:
HEAD OFFICE:
SMGB TOWERS
AK ROAD , MALAPPURAM,
KERALA STATE , INDIA. PIN- 676505
PHONE No. 0483 2734269
FAX : 0483 - 2736987
E-mail : smgbank(at)bsnl.in
Courtesy: smgbank.com