Odisha Gramin Bank

The Odisha Grameen Bank (OGB)^[1] (Odia: ଓଡ଼ିଶା ଗ୍ରାମୀଣ ବ୍ୟାଙ୍କ) is an Indian Regional Rural Bank (RRB) operating in Odisha state established on 1 May 2025.^[2][3] The bank was formed by the amalgamation of Odisha Gramya Bank and Utkal Grameen Bank under The "One State, One RRB"^[4] policy of government. It currently has 979 branches in rural areas of Odisha. It functions under Regional Rural Banks' Act 1976 and is sponsored by IOB.

Odisha Grameen Bank

Native name	ଓଡ଼ିଶା ଗ୍ରାମୀଣ ବ୍ୟାଙ୍କ
Company type	Regional Rural Bank
Industry	Financial Regional Rural Banks
Predecessor	Odisha Gramya Bank Utkal Grameen Bank
Founded	May 1, 2025; 3 months ago (2025-05-01)
Headquarters	Bhubaneswar, Odisha, India, India
Number of locations	979 Branches
Area served	Odisha State
Key people	Shri Rishi Singh (Chairman)
Products	Rupay Debit card, consumer banking, corporate banking, finance and insurance, Home loans, investment banking, mortgage loans, private banking, Vehicle loan, wealth management
Services	Financial services Banking
Owner	Government of India (50%) Government of Odisha (15%) Indian Overseas Bank (35%)
Number of employees	3408
Parent	Ministry of Finance, Government of India
Website	www.odishabank.in

It is under the ownership of Ministry of Finance, Government of India. The Bank is headquartered at Bhubaneswar and currently it operates in all 30 Districts of Odisha having 979 branches. Odisha Grameen Bank is a scheduled Bank and included in the Second Schedule to the Reserve Bank of India Act, 1934 as per RBI circular No. Government of India, Department of Financial Services, Ministry of Finance, Notification No. CG-DL-E-07042025-262329 published in the extra-ordinary Gazette of India (Part III-Section 4) on 05/04/2025.

Etymology

Earlier names of Regional Rural Banks were based on rivers, mountains or historical names. However, under One State One RRBs policy in order to consolidate RRBs, amalgamation of different RRBs under one state was carried out. The name Odisha Grameen Bank was chosen because Odisha is the modern name of Odisha State and also to avoid confusion with different names such as Utkal.

History

Odisha Gramya Bank

Odisha Gramya Bank^[5] (OGB) (Odia: ଓଡ଼ିଶା ଗ୍ରାମ୍ୟ ବ୍ୟାଙ୍କ) was a Regional Rural Bank established on 7 January 2013 with the amalgamation of Neelachala Gramya Bank (Odia: ନୀଳାଚଳ ଗ୍ରାମ୍ୟ ବ୍ଯାଙ୍କ), Kalinga Gramya Bank (Odia: କଳିଙ୍ଗ ଗ୍ରାମ୍ୟ ବ୍ଯାଙ୍କ) and Baitarani Gramya Bank (Odia: ବୈତରଣୀ ଗ୍ରାମ୍ୟ ବ୍ଯାଙ୍କ) in terms of provisions of Regional Rural Banks Act 1976. The bank was sponsored by Indian Overseas Bank & was jointly owned by the Government of India, Government of Odisha and IOB. It was under the ownership of Ministry of Finance, Government of India. The Bank was operating in 13 districts of Odisha State with its Head Office at Bhubaneswar. The bank had 549 branches and 9 regional offices at the time of amalgamation

Utkal Grameen Bank

Utkal Grameen Bank^[6] (UGB) (Odia: ଉତ୍କଳ ଗ୍ରାମୀଣ ବ୍ୟାଙ୍କ) was a Regional Rural Bank established on 1 November 2012 with the merger^[7] of Rushikulya Gramya Bank and Utkal Gramya Bank in terms of provisions of Regional Rural Banks Act 1976. The bank was sponsored by State Bank of India & is jointly Owned by the Government of India, Government of Odisha.It was under the ownership of Ministry of Finance, Government of India. The Bank is operating in 17 districts of Odisha State with its Head Office at Bolangir. Besides, the bank has seven Regional Offices in western and southern Odisha. It subsequently grew to a network of 442 branches, of which 360 are in remote rural areas.

See also

• Banks portal

• List of banks in India
• Regional rural bank
• Banking in India
• Reserve Bank of India
• Indian Financial System Code
• List of largest banks
• Make in India
• Utkal Grameen Bank