Jharkhand Rajya Gramin Bank
{{Short description|Indian bank}}
{{cleanup rewrite|due to merger of the bank with JGB information has changed, and some of the text is severely disorganised|date=July 2019}}
{{Use dmy dates|date=October 2015}}
{{Use Indian English|date=October 2015}}
{{Infobox company
| name = Jharkhand Rajya Gramin Bank
| logo =
| logo_size =
| type = Regional Rural Bank
| area_served = Jharkhand
| key_people = Mr. Madan Mohan Bariar
(Chairman)
| industry = Banking, Financial services
| products = Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
| revenue =
| net_income =
| assets =
| owner = *Government of India (50%)
- Government of Jharkhand (15%)
- State Bank of India (35%)
| num_employees = 1525
| parent = Ministry of Finance, Government of India.
| homepage = {{URL|https://jrgb.in}}
}}
Jharkhand Rajya Gramin Bank{{cite web|url=http://jrgb.in/home.php |title= Jharkhand Rajya Gramin Bank}} (JRGB) is a Regional Rural Bank (RRB). The bank was established on 1 April 2019 with the amalgamation of the erstwhile Vananchal Gramin Bank and erstwhile Jharkhand Gramin Bank under the provisions of RRB Act 1976.
It is under the ownership of Ministry of Finance, Government of India. 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 State ). The bank has eight Regional Offices functioning at Ranchi, Singhbhum, Gumla, Palamu, 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.
Amalgamation
By central government notification on 31 January 2019, Jharkhand Gramin Bank and
Vananchal Gramin Bank were amalgamated to form
Jharkhand Rajya Gramin Bank.{{cite news|url=https://www.scconline.com/blog/post/2019/02/01/regional-rural-bank-amalgamation-of-vananchal-gramin-bank-and-jharkhand-gramin-bank-into-jharkhand-rajya-gramin-bank/|title=Regional Rural Bank {{!}} Amalgamation of Vananchal Gramin Bank and Jharkhand Gramin Bank into Jharkhand Rajya Gramin Bank|author=Devika|date=1 February 2019}}{{cite news|url=https://www.livehindustan.com/jharkhand/story-the-merger-of-jharkhand-rural-bank-and-vananchal-rural-banks-now-jharkhand-state-rural-bank-will-be-named-2473859.html|title=झारखंड ग्रामीण बैंक और वनांचल ग्रामीण बैंकों का विलय, अब झारखंड राज्य ग्रामीण बैंक होगा नाम|work=Live Hindustan|language=hi|date=3 April 2019}} From 1 April 2019, all the 433 branches of merged bank are operating under new name.{{cite news|url=https://www.jagran.com/jharkhand/dumka-vananchal-grameen-bank-merger-from-1st-chairman-19074722.html|title=पहली से वनांचल ग्रामीण बैंक का विलय : अध्यक्ष|work=Jagran|language=hi|date=26 March 2019}}
See also
{{Portal|Banks}}
References
{{reflist|30em}}
- List of VGB Branchesin Jharkhand: https://graminbanks.com/Vananchal-Gramin-Bank/Jharkhand