Tripura Gramin Bank

Tripura Gramin Bank^[1] (TGB) (Hindi: ) is a Regional Rural Bank established on 21 December, 1976 in terms of provisions of Regional Rural Banks Act 1976. The bank is sponsored by Union Bank of India & is jointly Owned by the Government of India, Government of Tripura and UBI.

The shareholders of the Bank are Govt. of India (50%), Union Bank of India (35%) and Govt. of Tripura (15%). The Bank is operating in eight districts of Tripura State with its Head Office at Agartala. The bank has three Regional Offices functioning at Agartala (West Tripura), Udaipur (South Tripura) and Kailashahar (North Tripura).

History

The bank was established on 21.12.1976 with only four branches. However, presently it has grown to a network of 130 branches operating in eight districts in the State. In 2010, the bank launched its Core Banking Solution. ATM facility has now been extended to 80 branches.

Performamnce

The bank made a profit of Rs 82.69 Crore in the year 2013-14.^[2] The bank has a CD ratio of 42.63%, which much below all India average.^[3] Despite its poor CD ratio, the bank's continued profitability is remarkable, given the inaccessible terrain in which the bank's branches are located.

Board of Directors

The bank's affairs are conducted by a Board of Directors^[4] consisting of the following persons :-

• Upendra Sabar, Chairman
• L N Rokhum, IAS, Govt of Tripura
• S K Nayak, DGM, NABARD
• P Subuddhi, DGM, UBI
• Rajiv Johri, RBI

See also

• Indian banking
• List of banks in India

References