Odisha Gramya Bank
| Public | |
| Industry | Banking, Financial services |
| Founded | 2013 |
| Headquarters | Bhubaneswar, India |
Area served | Odisha State |
Key people |
B. Nayak (Chairman ) |
| Products | Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management |
| Website |
www |
Odisha Gramya Bank[1] (OGB) (Oriya: ) is a Regional Rural Bank established on 7 January 2013 with the merger of Neelachala Gramya Bank, Kalinga Gramya Bank and Baitarani Gramya Bank in terms of provisions of Regional Rural Banks Act 1976. The bank is sponsored by Indian Overseas Bank & is jointly owned by the Government of India, Government of Odisha and IOB.
The shareholders of the Bank are Govt. of India (50%), Indian Overseas Bank (35%) and Govt. of Odisha (15%). The Bank is operating in 13 districts of Odisha State with its Head Office at Bhubaneswar. The bank has nine regional offices located at Balasore, Baripada, Cuttack, Chandikhol, Dhenkanal, Jashipur, Khurda, Keonjhar and Pipli.
History
The bank was established on 07.01.2013 with the branches of the erstwhile Neelachal, Kalinga and Baitarani RRBs. However, presently it has grown to a network of 525 branches, of which 444 are in remote rural areas.
Presently, the Bank operates in 13 districts of Coastal, Central and Northern Orissa viz. Puri, Khurda, Cuttack, Jajpur, Jagatsingpur, Nayagarh, Bhadrak, Baleswar, Berhampur, Keonjhar, Mayurbhanj, Dhenkanal and Angul, covering 37% of the geographical area and 52% of the total population of Odisha State.
Performance
The bank made a profit of Rs 14.42 Crore in the year 2013-14.[2] The bank had a CD ratio of 59.5% at the time of amalgamation.
National prominence
Immediately after its inception, Odisha Gramya Bank came into national prominence with its fast-track solving of the high profile gold loan fraud case[3] involving Ratikant Kanungo. The situation improved after the formation of Odisha Gramya Bank.
Board of Directors
The bank's affairs are conducted by a Board of Directors[4] consisting of the following persons :-
- B. Nayak, Chairman
- N. B. Jawale, IAS, Director, Panchayati Raj
- Shreekanta Kabi, Director, Finance, Odisha
- Maya Parhi, DGM, RBI
- Rabin Kanti ray, DGM, NABARD
- P. K. Mohanty, CRM, IOB
- Suraj Nath, CRM, IOB
See also
- Indian banking
- List of banks in India
References
- ↑ "OGB Website".
- ↑ "OGB Performance 2014".
- ↑ "CBI cracks OGB fraud case".Odisha Diary, May 30, 2013.
- ↑ "OGB Board Members".