Tamil Nadu Grama Bank

Tamil Nadu Grama Bank
Company typeRegional Rural Bank
IndustryBanking
Financial services
PredecessorPallavan Grama Bank
Pandyan Grama Bank
Founded1 April 2019; 5 years ago (2019-04-01)
Headquarters
6, Yercaud Salai, Hasthampatti, Salem,
Tamil Nadu, India
Number of locations
663 (2024)[1]
Area served
Tamil Nadu, India
Key people
Mani Subramanian
(Chairman)
Products
RevenueIncrease₹3,099.57 crore (US$370 million) (2024)[1]
Increase ₹775.71 crore (US$93 million) (2024)[1]
Increase ₹446.73 crore (US$54 million) (2024)[1]
Total assetsIncrease ₹32,761.26 crore (US$3.9 billion) (2024)[1]
OwnerGovernment of India (50%)
Indian Bank (35%)
Government of Tamil Nadu (15%)
Number of employees
2700+ (2024)
ParentMinistry of Finance, Government of India
Websitewww.tamilnadugramabank.com

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.

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.[2][3]

Mission and vision

Mission
  • Serving with a Smile
  • Providing Banking Services at an Affordable Cost
  • Simplified Systems and Procedures
  • Banking services to the last mile person
Vision
  • Making Tamil Nadu Grama Bank the No. 1 household name in the state of Tamil Nadu

Area of operation

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 of Tamil Nadu.

After amalgamation, the bank is operating in 37 districts of Tamil Nadu except Chennai, with its headquarters at Salem.

Share holders

The paid-up capital is ₹46.96 crore, shared by the shareholders as below:

References

  1. ^ a b c d e "Tamil Nadu Grama Bank"https://tamilnadugramabank.in .
  2. ^ "Home | Tamil Nadu Grama Bank". www.tamilnadugramabank.com. Retrieved 5 August 2021.
  3. ^ "Tamil Nadu Grama Bank reports ₹185 cr profit in FY21". @businessline. Retrieved 5 August 2021.
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