Tamil Nadu Grama Bank Explained

Type:Regional Rural Bank
Industry:Banking
Financial services
Predecessor:Pallavan Grama Bank
Pandyan Grama Bank
Hq Location City:6, Yercaud Salai, Hasthampatti, Salem,
Tamil Nadu, India
Area Served:Tamil Nadu, India
Key People:Mani Subramanian
(Chairman)
Net Income: (March 2021) (March 2022)
Net Income Year:2022
Num Employees:2700+ (2024)
Parent:Ministry of Finance, Government of India

Tamil Nadu Grama Bank (TNGB) is a regional rural bank headquartered at Salem in Tamil NaduIndia. The bank is jointly owned by the central and state governments and sponsored by the Indian Bank. It is under the ownership of the Ministry of Finance, Government of India.

Tamil Nadu Grama Bank was formed on 1 April 2019 by the amalgamation of the erstwhile Pallavan Grama Bank and Pandyan Grama Bank, as per GOI Gazette Notification No. 363 dated 28 January 2019.[1] [2]

Mission and vision

Mission:
Vision:

Area of operation

Prior to amalgamation, Pallavan Grama Bank, with its headquarters at Salem, functioned in 16 districts, and Pandyan Grama Bank, with its headquarters at Virudhunagar, functioned in 16 districts of Tamil Nadu.

After amalgamation, the bank is operating in 37 districts of Tamil Nadu except Chennai, with its headquarters at Salem.

Share holders

The paid-up capital is ₹46.96 crore, shared by the shareholders as below:

External links

Notes and References

  1. Web site: Home Tamil Nadu Grama Bank. 2021-08-05. www.tamilnadugramabank.com.
  2. Web site: Tamil Nadu Grama Bank reports ₹185 cr profit in FY21. 2021-08-05. @businessline. en.