Haryana Gramin Bank Forms IPO Cell, Plans to Approach Regulator Soon

Haryana Gramin Bank (HGB), one of three regional rural banks identified for listing, has created a separate IPO cell to manage the process as per Business Standard report.  

The bank is being assisted by its sponsor, Punjab National Bank, which has deputed a company secretary and chartered accountants to support due diligence and documentation.  

HGB expects to approach the market regulator, SEBI, by the end of the year. The Department of Financial Services has reviewed the bank’s progress and issued follow-up directions. 

Listing And Regulatory Requirements 

The proposed listing will place the bank under market-linked disclosure and reporting requirements. It is expected to bring changes in governance, compliance and risk monitoring standards applicable to regional rural banks.  

The bank has indicated that, post-listing, lending could gradually expand into segments such as MSMEs, vehicle loans and limited corporate exposure, alongside its existing rural and agricultural focus. 

Agriculture Loan Book 

HGB’s agriculture advances stood at ₹11,967.46 crore, recording a year-on-year growth of 9.84%. Lending under the Agriculture Infrastructure Fund continued during the year. 

Between April 1 and December 31, 2025, the bank sanctioned loans worth ₹8,523.28 lakh across 438 accounts.  

During the same period, ₹7,560.78 lakh was disbursed through 391 accounts. In the previous financial year, sanctions totalled ₹9,999.45 lakh, with disbursements of ₹9,882.30 lakh. 

Overall Business Position 

The bank’s total business increased from ₹40,037.80 crore in December 2024 to ₹44,309.45 crore in December 2025, reflecting a 10.67% rise. Deposits grew 8.36% year-on-year to ₹26,085.47 crore. The CASA ratio stood at 50.02% as of December 2025.  

Total advances rose 14.15% year-on-year to ₹18,223.98 crore, with growth largely coming from the retail segment. 

Asset Quality and MSME Exposure 

As of December 31, 2025, Kisan Credit Card advances were ₹9,611.18 crore, with NPAs of ₹192.86 crore, translating into an NPA ratio of 2.01%. MUDRA loan exposure stood at ₹1,661.43 crore, with NPAs of ₹44.95 crore, or 2.71%.  

MSME advances were reported at ₹668.08 crore, up 30.29% year-on-year. The bank has set a target of ₹1,000 crore in MSME advances by the end of the calendar year. 

Read More: PE-Backed ASG Eye Hospital Appoints Morgan Stanley, Nomura and Others For IPO! 

Conclusion  

With the creation of a dedicated IPO cell, Haryana Gramin Bank has begun formal preparations for a potential listing. The bank is currently working on regulatory and compliance requirements, with a SEBI filing expected by year-end. 

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