Tamil Nadu Grama Bank

Summary

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
Company typeRegional Rural Bank
IndustryBanking
Financial services
PredecessorPallavan Grama Bank
Pandyan Grama Bank
Founded1 April 2019; 5 years ago (2019-04-01)
Headquarters
6, Yercaud Salai, Hasthampatti, Salem,
Tamil Nadu, India
Area served
Tamil Nadu, India
Key people
S. Selvaraj
(Chairman)
Products
Increase182.436 crore (US$23 million) (March 2021) Increase229.28 crore (US$29 million) (March 2022) (2022)
Owner
Number of employees
2500+ (2022)
ParentMinistry of Finance, Government of India
Websitewww.tamilnadugramabank.com

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]

Share Capital edit

The paid-up capital is Rs. 46.96 crores, shared by the shareholders as below:

References edit

  1. ^ "Home | Tamil Nadu Grama Bank". www.tamilnadugramabank.com. Retrieved 5 August 2021.
  2. ^ "Tamil Nadu Grama Bank reports ₹185 cr profit in FY21". @businessline. Retrieved 5 August 2021.

External links edit

  • "Pandyan Grama Bank branch inaugurated". The Hindu. 28 December 2012. Retrieved 6 August 2021.