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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. From 1 April 2019, all the 433 branches of merged bank are operating under new name.

See also

• Indian banking
• List of banks in India

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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• Regional rural banks of India
• Banks established in 2019
• Economy of Jharkhand
• Indian companies established in 2019
• 2019 establishments in Jharkhand
• State Bank of India