Tamil Nadu Grama Bank

Tamil Nadu Grama Bank
Industry	Banking; Financial services
Predecessor	Pallavan Grama Bank ; Pandyan Grama Bank
Founded	1 April 2019; 5 years ago
Headquarters	6, Yercaud Road, Hasthampatti, Salem,; Tamil Nadu, India
Area served	Tamil Nadu, India
Key people	Shri. S. Selvaraj ; (Chairman)
Products	Consumer banking; Corporate banking; Finance and insurance; Investment banking; Mortgage loans; Private banking; Private equity; Savings; Securities; Asset management; Wealth management; Credit cards;
Net income	₹1,824.36 crore (US$260 million) (March 2021)
Owner	Government of India (50%); Government of Tamil Nadu (15%); Indian Bank (35%);
Number of employees	2500+ (2021)
Parent	Ministry of Finance, Government of India
Website	www.tamilnadugramabank.com

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Tamil Nadu Grama Bank (TNGB) (Tamil: தமிழ்நாடு கிராம வங்கி) is a regional rural bank headquartered at Salem in Tamil Nadu, India. The bank is jointly owned by Central and State Governments & sponsored by Indian Bank. It is under the ownership of Ministry of Finance, Government of India.

Tamil Nadu Grama Bank was formed on 1 April 2019 by amalgamation of erstwhile Pallavan Grama Bank and Pandyan Grama Bank, as per GOI Gazette Notification no. 363 dated 28 January 2019.^[1]^[2]^[3]

Area of Operation[edit]

Prior to amalgamation, Pallavan Grama Bank with its headquarters at Salem functioned in 16 districts and Pandyan Grama Bank with its headquarters at Virudhunagar functioned in 16 districts. After amalgamation, the bank is operating in all other remaining 37 districts of Tamil Nadu except Chennai as Tamil Nadu Grama Bank with its headquarter at Salem.

Share Capital[edit]

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[edit]

↑ "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.
↑ "Tamil Nadu Grama Bank - Loans Offered - IndiaFilings". IndiaFilings - Learning Centre. 23 May 2019. Retrieved 5 August 2021.

External links[edit]

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

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[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.

[3] "Tamil Nadu Grama Bank - Loans Offered - IndiaFilings". IndiaFilings - Learning Centre. 23 May 2019. Retrieved 5 August 2021.

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