Himachal Pradesh Gramin Bank, sponsored by Punjab National Bank came into existence with the amalgamation of two RRBs, viz. Himachal Gramin Bank, Mandi (sponsored by Punjab National Bank) and Parvatiya Gramin Bank, Chamba (sponsored by State Bank of India) vide Government of India Notification dated 15th February 2013 under section 21 of the RRBs Act, 1976 with its Head Office at Mandi. The area of operation of the Bank is spread over to 12 districts of Himachal Pradesh. The Bank is authorized to affect banking transactions as permitted under section 5(b) of Banking Regulation Act, 1949.


Presently, Bank is functioning with a network of 263 branches in twelve districts, namely, Mandi, Kangra, Kullu, Hamirpur, Bilaspur, Una, Shimla, Solan, Sirmour, Kinnaur, Lahul-Spiti and Chamba . There are Four Regional Offices, Dharamsala ,Mandi,Solan and Chamba.


The prime objective of establishment of the Bank is to provide basic banking facilities to the remote rural sectors and to provide the facility to rural masses to deposit their savings in a secured manner. Another important responsibility entrusted to the Bank was to provide productive credit, viz. Agriculture, Cottage and Small Industries, retail trade, dairy development and other related allied activities. Bank allowed to finance for housing, education, transport and consumer loans to public under different approved schemes of the Bank. Himachal Pradesh Gramin Bank is sincerely working to fulfill its obligations.


Amount in (Crore)
 No. of districts covered  12
 No. of branches  263
 • Rural  253
 • Semi Urban  9
 • Urban  1
 Deposits  4056.54
 Borrowings  334.17
 Gross Loans & Advances  1386.49
 C D Ratio  34.18%
 Average Capital  15.44
 • Per Branch  20.70
 • Per Staff  7.59