Tamil Nadu Grama Bank (TNGB) is a regional rural bank headquartered at Salem in Tamil Nadu, India. 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.
Company type | Regional Rural Bank |
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Industry | Banking Financial services |
Predecessor | Pallavan Grama Bank Pandyan Grama Bank |
Founded | 1 April 2019 |
Headquarters | |
Area served | Tamil Nadu, India |
Key people | S. Selvaraj (Chairman) |
Products | |
₹182.436 crore (US$23 million) (March 2021) ₹229.28 crore (US$29 million) (March 2022) (2022) | |
Owner |
|
Number of employees | 2500+ (2022) |
Parent | Ministry of Finance, Government of India |
Website | www |
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]
The paid-up capital is Rs. 46.96 crores, shared by the shareholders as below: