Jharkhand Rajya Gramin Bank

Jharkhand Rajya Gramin Bank[1] (JRGB) is a Regional Rural Bank (RRB_). The bank was established on 1st April 2019 with the amalgamation of the erstwhile Vananchal Gramin Bank and erstwhile Jharkhand Gramin Bank under the provisions of RRB Act 1976. 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.

Jharkhand Rajya Gramin Bank
Public
IndustryBanking, Financial services
Founded1 April 2019 
HeadquartersRanchi, India
Area served
Jharkhand
Key people
Mr Sunil Vinayak Zode
(Chairman)
ProductsCredit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
Number of employees
782
Websitejrgb.in

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, Palamau, Hazaribagh, Giridih,Deoghar & Godda.

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. & 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) [913]

Amalgamation

By central government notification on 31 January 2019, Jharkhand Gramin Bank and Vananchal Gramin Bank were amalgamated to form Jharkhand Rajya Gramin Bank.[2][3] From 1 April 2019, all the 433 branches of merged bank are operating under new name.[4]

gollark: Why?
gollark: The main issue with the self-assessed-value-based patent tax thing is that people who independently come up with an extremely good idea may not be able to secure enough funding to keep hold of it for a while. But I'm not sure how common that is.
gollark: Limit copyright to 10 years or so, with an extension if you give the copyright office the "source code" to release publicly when it's up.
gollark: So the idea is that *you* pick a value for your patent, and anyone who is willing to put up that much money can buy it off you.
gollark: One of them was to make it so you had to pay some % of your patent's value to keep it (probably an increasing-over-time amount). Now, you might say "hmm but how do you assess value", which is an entirely reasonable concern.

See also

References
  1. "Jharkhand Rajya Gramin Bank".
  2. Devika (1 February 2019). "Regional Rural Bank | Amalgamation of Vananchal Gramin Bank and Jharkhand Gramin Bank into Jharkhand Rajya Gramin Bank".
  3. "झारखंड ग्रामीण बैंक और वनांचल ग्रामीण बैंकों का विलय, अब झारखंड राज्य ग्रामीण बैंक होगा नाम". Live Hindustan (in Hindi). 3 April 2019.
  4. "पहली से वनांचल ग्रामीण बैंक का विलय : अध्यक्ष". Jagran (in Hindi). 26 March 2019.
  1. List of VGB Branchesin Jharkhand: https://graminbanks.com/Vananchal-Gramin-Bank/Jharkhand
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