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 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 Ec ...

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, ...

. This bank is sponsored by State Bank of India & 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 (35%) and Govt. of Jharkhand (15%). The Bank is operating in all 24 districts of Jharkhand State with its Head Office at Ranchi (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 . I ...

State ). The bank has eight Regional Offices functioning at Ranchi,

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 li ...

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,

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 Hazaribag ...

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 coalfie ...

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 pi ...

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 &

. & 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 km² (ii) Palamau Division- 11,651 km² (iii) Total Area-25,780 km² 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.

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

History

Overview

See also

References

External links