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Jharkhand Rajya Gramin Bank
Regional Rural Bank in Jharkhand, India From Wikipedia, the free encyclopedia
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The Jharkhand Rajya Gramin Bank[1] (JRGB) is an Indian Regional Rural Bank (RRB) in Jharkhand established on 1 April 2019.[2][3] The bank was formed by the amalgamation of Jharkhand Gramin Bank and Vananchal Gramin Bank. It currently has 450 branches in rural areas of Jharkhand.
It functions under Regional Rural Banks' Act 1976 and is sponsored by State Bank of India.
It is under the ownership of Ministry of Finance, Government of India. It is sponsored by SBI & 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 State ). The bank has eight Regional Offices functioning at Ranchi, Singhbhum, Gumla, Palamu, Hazaribagh, Giridih, Deoghar & Godda.
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History
Jharkhand Rajya Gramin Bank (JRGB) is one of the prominent Regional rural banks in India.
- Vananchal Gramin Bank was a Regional Rural Bank (RRB) in Jharkhand, India, Established on June 30, 2006, through the amalgamation of Santhal Parganas Gramin Bank and Palamau Kshetriya Gramin Bank. It was sponsored by the State Bank of India and jointly owned by the Government of India, the Government of Jharkhand, and the State Bank of India. The Bank is operating in 9 districts of Jharkhand State with its Head Office at Dumka (sub-capital of Jharkhand State ). It has four Regional Offices
In 2019, Vananchal Gramin Bank was amalgamated with Jharkhand Gramin Bank to form Jharkhand Rajya Gramin Bank.[4]
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References
External links
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