Odisha Gramya Bank Starting from November 30, 2012. New Regional Rural Bank in Odisha – Odisha Gramya Bank.
Odisha Gramya Bank – result of merger of three regional rural banks. Indian Overseas Bank (IOB) will merge two Regional Rural Banks (RRBs) belonging to Bank of India and UCO Bank with IOB’s Neelanchal Gramya Bank.
After the amalgamation the bank will float a new entity called Odisha Gramya Bank. This will come into effect from November 30, 2012.
All the RRBs put together will have a book size of around Rs 10,000 crore with 480 branches across 15 districts in the state and it will be a single entity called Odhisha Gramya Bank.