Malwa Gramin Bank was a Regional Rural Bank sponsored by State Bank of India. It was established on 27.02.1986 with a capital of Rs 1.00 crore. In order to provide excellent service to its customers, Malwa Gramin Bank became a 100% computerised Bank and migrated to CBS on 29.07.2010. It had total 89 branches in five districts of Punjab, out of which 83 are in rural area, 5 in semi urban area and 1 in urban area. Its deposits and advance as on 31.03.2017 are Rs 1364.81 crores and Rs 1290.49 crore respectively. It was a profit earning bank and its profit and reserves as on 31.03.2017 were Rs 16.92 crores and Rs 175.03 crores respectively.