AGVB meaning in Banking ?
Answer: What is Assam Gramin Vikash Bank mean?
Assam Gramin Vikash Bank is the only regional rural bank of Assam, India. It is under the ownership of Ministry of Finance , Government of India. The bank was formally launched on 12 January 2006 after amalgamation of Pragjyotish Gaonlia Bank, Lakhimi Gaonlia Bank, Cachar Gramin Bank and Subansiri Gaonlia Bank, which were sponsored by erstwhile United Bank of India now Punjab National Bank.As per Government of India directives for forming of state wise Regional Rural Banks Assam Gramin Vikash Bank was further amalgamated with Langpi Dehangi Rural Bank which was sponsored by State Bank of India to form present Assam Gramin Vikash Bank w.e.f 1 April 2019 without changing of the name of the newly formed entity.
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