Prathama Bank is the first Regional Rural Bank of India, established on 2nd October, 1975, sponsored by Syndicate Bank, with its Head Office at Moradabad in accordance with Regional Rural Bank Ordinance 1975 issued on 26th September, 1975 (Replaced later by Regional Rural Bank Act, 1976(2) of 1976 of Government of India).
The Bank is a scheduled Bank and it is placed under the IInd schedule of Reserve bank of India. The ownership of the Bank is vested with the Central Government with 50 %, Syndicate Bank with 35 % and the Uttar Pradesh Government with 15 %. The Bank is operating in 4 districts namely Moradabad, Rampur, Jyotiba Phule Nagar and a newly formed district Bheem Nagar with a network of 242 branches.
Strong Financial Base with Reserves of 585 crore and Net Worth of 678 Crore
Business Volume - 5841 Crores
CD Ratio - 76 %
CRAR - 21.11 %
All branches on CBS, RTGS/ NEFT being introduced shortly
One branch crossed 200 crore business
4 branches crossed 100 crore business
19 branches crossed 50 crossed business
Own Head Office building
Own Currency Chest of A category
Own well equipped Staff Training Centre
Bank’s Net Profit crosses 100 crore
Serving the people for the last 37 years, the Bank has become lifeline of the people in its operational area and has developed its Brand Name;
Large satisfied client base of 31 lac customers;
Pioneer in the field of Micro Finance. The Bank has developed its own model of micro finance i.e. Prathama Model. It has been widely appreciated and recognized by NABARD, GOI and other international forums;
Leader in promotion of Solar Home Lighting Finance and the Bank’s efforts have been recognized. The Bank has been continuously awarded INDIA POWER AWARDS for the years 2008-09, 2009-10 & 2010-11;
Commitments fulfilled towards Financial Inclusion by providing ICT based facilities in all the villages identified for financial inclusion as per the Government of India guidelines.
Head Office,Prathama Bhawan,
Ram Ganga Vihar Phase-II
Post Box NO. 446,
Uttar Pradesh (INDIA).