Tamil Nadu Grama Bank
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.
| Type | Regional Rural Bank |
|---|---|
| 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]
Share Capital
The paid-up capital is Rs. 46.96 crores, shared by the shareholders as below:
- Government of India (50%): Rs. 23 crores and 48 lakhs
- Government of Tamil Nadu (15%): Rs. 7 crores and 4 lakhs
- Indian Bank (35%): Rs. 16 crores and 44 lakhs
References
- "Home | Tamil Nadu Grama Bank". www.tamilnadugramabank.com. Retrieved 5 August 2021.
- "Tamil Nadu Grama Bank reports ₹185 cr profit in FY21". @businessline. Retrieved 5 August 2021.
External links
- "Pandyan Grama Bank branch inaugurated". The Hindu. 28 December 2012. Retrieved 6 August 2021.
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