Vananchal Gramin Bank

Vananchal Gramin Bank

Type	Public
Industry	Banking, Financial services
Founded	2006
Headquarters	Dumka, India
Area served	Jharkhand
Key people	B. K. Mishra (Chairman )
Products	Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
Website	www.vananchalgraminbank.com

Vananchal Gramin Bank^[1] (VGB) (Hindi: ) is a Regional Rural Bank (RRB_). The bank was established on 30 June, 2006 with the amalgamation of the erstwhile Santhal Parganas Gramin Bank and erstwhile Palamau Kshetriya Gramin Bank under the provisions of RRB Act 1976. 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 9 districts of Jharkhand State with its Head Office at Dumka (sub-capital of Jharkhand State ). The bank has four Regional Offices functioning at Deoghar, Godda, Daltonganj and Garhwa.

History

The bank was established on 30.06.2006 with the amalgamation of Santhal Parganas and Palamau Kshetriya RRBs. The Bank is operating in nine districts of Jharkhand State with its Head Office at Dumka. It has a total of 203 branches operating under four Regional Offices at Deoghar, Godda, Daltonganj and Garhwa.

Board of Directors

The bank's affairs are conducted by a Board of Directors^[2] consisting of the following persons :-

• Dr Subhash Ch Pati, Chairman
• Umakant Singh, SBI
• Satish Kumar, RBI
• P K Dutta, NABARD

See also

• Indian banking
• List of banks in India

References

External links

• website

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