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:

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

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Courtesy: smgbank.com