Bihar Gramin Bank- बिहार ग्रामीण बैंक
This bank is one of the successful banks in the country of India which has maintained its good performance in the business of banking. Through its flexibility and adaptability to consumer’s demands, they were able to create a big name in the country. From credit cards to several types of loans, they can provide its clients with a different kind of banking and financial service. Establishing a unique and awesome relationship with its clients is very important as it helps in understanding more the needs and demands of the clients. This help in creating a personalized banking service.
Bihar Gramin Bank is a regional rural bank (RRB) which was incorporated on October 15, 2012, in Bihar, India. Bihar Gramin Bank IFSC Code is UCBA0RRBBKG. They are operating in Bihar Viz’s 9 districts; Samastipur, Jamui, Lakhisarai, Begusarai, Banka, Munger, Bhagalpur, Sheikhpura, and Khagaria. Furthermore, their regional offices are Bhagalpur, Begusarai, Jamui, Lakhisarai, and Samastipur. The bank’s head office can be found at Begusarai. Bihar Kshetriya Gramin Bank and Samastipur Kshetriya Gramin Bank are the 2 RRBs who incorporated the bank.
Bihar Gramin Bank Products and Services
BGB’s products and services include Current accounts, Savings accounts, and Salary account. They also offer various types of credit cards depending on the needs and demands of the clients. In addition to that, they have also different types of loans, whether it’s Personal, Educational, Car or Home loans. Variety of services is being offered by the bank.
Money transfers and bills payment are also available. Mobile banking is also another convenient way to access your own account, which enables the clients to perform several banking requests and monitoring wherever they are. It’s a hassle-free way of banking. Although, the bank is not the first and only bank to have these features, still, their mobile banking system is one of a kind and indeed very helpful for everyone who is banking with them.
The Balance Sheet
Bihar Gramin Bank has successfully achieved its progress through hard work and commitment. Their advances increase up to 20.90%, Net profit up to 85.14%, Provision coverage of 63.37%, Deposits of 18.55% and total business by 19.5%. Clearly, the business has progressed. With the organization’s commitment on their work, they successfully maintain and improve the bank’s good performance. NABARD provides guidelines for financial statement of cash flow and profit and loss. Natural bank for Agriculture and Rural Development and Reserve Bank of India provides guidelines for the Management’s preparation of the statement.