AGARTALA, June 25 (TIWN): The members of Tripura Gramin Bank on Saturday hoisted the 29th Annual General Council meeting of Tripura Gramin bank at Abhoynagar. Addressing the meeting the members discussed about financial status of the bank, overall yearly performance and many other issues were discussed in the meeting.

It is to be mentioned here that Tripura Gramin Bank is a Regional Rural Bank established on 21 December 1976 in terms of provisions of Regional Rural Banks Act 1976. The bank is sponsored by United Bank of India and is jointly owned by the Government of India, Government of Tripura and UBI.

The shareholders of the Bank are Govt. of India (50%), United Bank of India (35%) and Govt. of Tripura (15%). The Bank is operating in eight districts of Tripura State with its Head Office at Agartala. The bank has three Regional Offices functioning at Agartala (West Tripura), Udaipur (South Tripura) and Kailashahar (North Tripura).

The bank was established in 1976 with only branches (Agartala, Bisramganj, Bishalgarh and Jolaibari) and now it has expanded its branches all over the state. However, presently it has grown to a network of 144 branches operating in eight districts in the State. Out of them 101 branches are in rural areas, 31 are in semi-urban areas and 10 are in urban areas (as per July 2015 statistics). In 2010, the bank launched its Core Banking Solution. ATM facility has now been extended almost all branches.