Scheduled Status
Granted Scheduled Bank status by RBI vide Notification No. RPCD.CO.RRB.NO.10410/03.05.344/07-08 dated 03.04.2008.
Puducherry Grama Bank
Puducherry Grama Bank is a Regional Rural Bank dedicated to expanding access to reliable and affordable banking services across the Union Territory of Puducherry. Established by the Government of India and sponsored by Indian Bank, the bank plays a vital role in promoting financial inclusion, rural development, and economic growth for individuals, farmers, small businesses, and self-help groups. With a strong focus on community empowerment, the bank provides accessible banking solutions that support savings, entrepreneurship, and sustainable livelihoods.
Puducherry Grama Bank was established on 26 March 2008 through a notification issued by the Government of India. The bank was formally inaugurated on 1 June 2008, marking a significant milestone in strengthening rural and regional banking in the Union Territory.
Area of Operation
Operates across the entire Union Territory of Puducherry covering Puducherry, Karaikal, Mahe, and Yanam.
Share Capital
The authorized capital of the Bank is Rs.2000 crores and paid up capital is Rs.13.5 crores.
| Organization | Percentage | Amount |
|---|---|---|
| Government of India | 50% | ₹ 6.75 Crores |
| Indian Bank | 35% | ₹4.725 Crores |
| Government of Puducherry | 15% | ₹ 2.025 Crores |
