Jharkhand Rajya Gramin Bank (JRGB) is a
Regional Rural Bank
Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance , Government of India. They were creat ...
(RRB_). The bank was established on 1 April 2019 with the amalgamation of the erstwhile V''ananchal Gramin Bank'' and erstwhile J''harkhand Gramin Bank'' under the provisions of RRB Act 1976.
It is under the
ownership
Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different ...
of
Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance.
Lists of current ministries of finance
Named "Ministry"
* Ministry of Finance (Afghanistan)
* Ministry of Finance and Eco ...
,
Government of India
The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, c ...
. This bank is sponsored by
State Bank of India
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 49th largest bank in the world by total assets and ranked 221st in the ''Fortune ...
& is jointly Owned by the Government of India, Government of Jharkhand and State Bank of India.
The shareholders of the Bank are Govt. of India (50%),
State Bank of India
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 49th largest bank in the world by total assets and ranked 221st in the ''Fortune ...
(35%) and Govt. of Jharkhand (15%). The Bank is operating in all 24 districts of Jharkhand State with its Head Office at
Ranchi
Ranchi (, ) is the capital of the Indian state of Jharkhand. Ranchi was the centre of the Jharkhand movement, which called for a separate state for the tribal regions of South Bihar, northern Odisha, western West Bengal and the eastern area ...
(sub-capital of
Jharkhand
Jharkhand (; ; ) is a state in eastern India. The state shares its border with the states of West Bengal to the east, Chhattisgarh to the west, Uttar Pradesh to the northwest, Bihar to the north and Odisha to the south. It has an area of . It ...
State ). The bank has eight Regional Offices functioning at
Ranchi
Ranchi (, ) is the capital of the Indian state of Jharkhand. Ranchi was the centre of the Jharkhand movement, which called for a separate state for the tribal regions of South Bihar, northern Odisha, western West Bengal and the eastern area ...
,
Singhbhum
Singhbhum was a district of India during the British Raj, part of the Chota Nagpur Division of the Bengal Presidency. It was located in the present-day Indian state of Jharkhand. Chaibasa was the district headquarters. Located in the southern l ...
,
Gumla
Gumla is a city which is the district headquarters in the Gumla subdivision of the Gumla district in the state of Jharkhand, India.
History
Gumla began as a hamlet. A week-long "Cow Fair" (''Gau-Mela'') took place every year, where items in d ...
,
Palamu
Palamu district is one of the twenty-four districts of Jharkhand state, India. It was formed in 1892. The administrative headquarter of the district is Medininagar (formerly DaltonGanj), situated on the Koel River.
History
The Palamu district ha ...
,
Hazaribagh
Hazaribagh is a city and a municipal corporation in Hazaribagh district in the Indian state of Jharkhand. It is the divisional headquarters of North Chotanagpur division. It is considered as a health resort and is also popular for Hazaribagh ...
,
Giridih
Giridih is headquarters of the Giridih district of Jharkhand state, India. The city of Giridih is known for its industrial and health sectors, as well as its scenic beauty. Giridih houses the Giridih Coalfield which is one of the oldest coalfi ...
,
Deoghar
Deoghar (pronounced ''Devaghar'') is a major city in Jharkhand, India. It is a holy sacred place of Hinduism. It is one of the 12 ''Jyotirlinga''s sites of Hinduism (Baidyanath Temple). The sacred temples of the city make this a place for pil ...
&
Godda
Godda is a Silk City with a municipal Council in the Godda subdivision of the Godda district in the Indian state of Jharkhand. It is the headquarter of the Godda district.
History
As a consequence of the Santhal rebellion of 1845-55 the dist ...
.
History
JRGB has been established on 01.04.2019 with the amalgamation of erstwhile Vananchal Gramin Bank and erstwhile Jharkhand Gramin Bank in terms of provisions of RRBs Act 1976. This bank is sponsored by State Bank of India & Owned by Govt. of India, Govt. of Jharkhand and State Bank of India . The shareholders of the Bank are Govt. of India (50%), State Bank of India (35%) and Govt. of Jharkhand (15%). The Bank is operating in all 24 districts of Jharkhand State with its Head Office at Ranchi (capital of Jharkhand State ). It has eight Regional Offices functioning at
Ranchi, Singhbhum, Gumla, Palamau, Hazaribagh, Giridih,Deoghar &
Godda
Godda is a Silk City with a municipal Council in the Godda subdivision of the Godda district in the Indian state of Jharkhand. It is the headquarter of the Godda district.
History
As a consequence of the Santhal rebellion of 1845-55 the dist ...
. & no. of branches covered by these Regional Offices are as under:-
Regional Office
Headquarter
Concerned Districts
Total No. of Branches
I
Deoghar
Deoghar, Dumka & Jamtara
70
II
Godda
Godda, Pakur & Sahebganj
52
III
Daltonganj
Palamau
44
IV
Garhwa
Garhwa & Latehar
37
Overview
Date of Establishment
30 June 2006
(With the amalgamation of erstwhile Santhal Parganas Gramin Bank and Palamau Kshetriya Gramin Bank vide Govt. of India Notification No. F.NO. 1/4/2006-RRB(III) dated 30.06.06)
Total Geographical areas covered
(i) Santhal Parganas Division вЂ" 14,129 km
2
(ii) Palamau Division- 11,651 km
2
(iii) Total Area-25,780 km
2
Districts covered
09 (Nine)
Santhal Parganas Division
(i) Dumka (ii) Deoghar (iii) Jamtara (iv) Godda (v) Pakur (vi) Sahibganj
Palamau Division
(vii) Palamau (viii) Latehar (ix) Garhwa
No. of Blocks covered
87
Regional Offices
(i) Deoghar (Region-I)
(ii) Godda (Region-II)
(iii) Daltonganj (Region-III)
(iv) Garhwa (Region-IV)
Business Performance
As on 31.03.12
As on 31.03.13
Deposit вЂ" 169151 lac
Advances- 67084 lac
Profit- 1621 lac
C:D Ratio- 39.66%
N.P.A.- 9.74%
Deposit вЂ" 187979 lac
Advances- 87232 lac
Profit- 1908 lac
C:D Ratio- 46.41%
N.P.A.- 7.34%
Number of Branches (203)
Rural Branches (180), Semi-Urban Branches(23) & Urban Branches(NIL)
Number of Staff(Excluding Sponsor Bank)
13h1>
Amalgamation
By central government notification on 31 January 2019, Jharkhand Gramin Bank and
Vananchal Gramin Bank were amalgamated to form
Jharkhand Rajya Gramin Bank. From 1 April 2019, all the 433 branches of merged bank are operating under new name.
See also
*
Indian banking
Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791. ...
*
List of banks in India
This is the list of banks which are listed as Scheduled Banks (India) under second schedule of RBI Act, 1934.
Commercial banks Public Sector Banks (PSBs)
There are 12 public sector banks as of 15 November 2021
Private-sector banks
A ...
References
# List of VGB Branchesin Jharkhand: https://graminbanks.com/Vananchal-Gramin-Bank/Jharkhand
External links
{{Banking in India
Regional rural banks of India
Banks established in 2019
Economy of Jharkhand
Indian companies established in 2019
2019 establishments in Jharkhand