Jharkhand Gramin Bank

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Jharkhand Gramin Bank
Company type Regional Rural Bank
Industry Financial
Regional Rural Banks
Predecessor
  • Jharkhand Gramin Bank
  • Vananchal Gramin Bank
FoundedApril 1, 2019;6 years ago (2019-04-01)
Headquarters
Ranchi, Jharkhand
,
India
Number of locations
450 Branches
Area served
 Jharkhand
Key people
Mr. Madan Mohan Bariar
(Chairman)
Products Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
Services
Owner Government of India (50%)

Government of Jharkhand (15%)

State Bank of India (35%)
Number of employees
1525
Parent Ministry of Finance, Government of India
Website jrgbank.bank.in

The Jharkhand Gramin Bank [1] (JGB) is an Indian Regional Rural Bank (RRB) in Jharkhand established on 1 April 2019. [2] [3] The bank was formed by the amalgamation of Jharkhand Gramin Bank and Vananchal Gramin Bank. It currently has 450 branches in rural areas of Jharkhand. According to Notification No. S.O. 4835(E), the Jharkhand Rajya Gramin Bank has been renamed as Jharkhand Gramin Bank. The change was made upon the request of the State Bank of India (SBI), which sponsors the Bank. [4]

Contents

It functions under Regional Rural Banks' Act 1976 and is sponsored by State Bank of India.

It is under the ownership of Ministry of Finance, Government of India. It is sponsored by SBI & 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 all 24 districts of Jharkhand State with its Head Office at Ranchi (sub-capital of Jharkhand State ). The bank has eight Regional Offices functioning at Ranchi, Singhbhum, Gumla, Palamu, Hazaribagh, Giridih, Deoghar & Godda.

History

Jharkhand Gramin Bank (JGB) is one of the prominent Regional rural banks in India.

Vananchal Gramin Bank was a Regional Rural Bank (RRB) in Jharkhand, India, Established on June 30, 2006, through the amalgamation of Santhal Parganas Gramin Bank and Palamau Kshetriya Gramin Bank. It was sponsored by the State Bank of India and jointly owned by the Government of India, the Government of Jharkhand, and the State Bank of India. The Bank is operating in 9 districts of Jharkhand State with its Head Office at Dumka (sub-capital of Jharkhand State ). It has four Regional Offices

In April 2019, Vananchal Gramin Bank was amalgamated with Jharkhand Gramin Bank to form Jharkhand Rajya Gramin Bank. [5] .

On October 23, 2025, Ministry of Finance, Government of India announce the renaming of several Regional Rural Banks (RRBs) to simplify their names and align them with their states. Changes include Jharkhand Rajya Gramin Bank becoming Jharkhand Gramin Bank and several others being renamed after requests from their sponsor banks. The functional jurisdiction and operations of these banks remain unchanged. [6]

See also

References

  1. ↑ "Jharkhand Gramin Bank".
  2. ↑ Devika (1 February 2019). "Regional Rural Bank | Amalgamation of Vananchal Gramin Bank and Jharkhand Gramin Bank into Jharkhand Rajya Gramin Bank".
  3. ↑ "झारखंड ग्रामीण बैंक और वनांचल ग्रामीण बैंकों का विलय, अब झारखंड राज्य ग्रामीण बैंक होगा नाम". Live Hindustan (in Hindi). 3 April 2019.
  4. ↑ "Gazette Notification" (PDF). egazette.gov.in. Retrieved 25 October 2025.
  5. ↑ "पहली से वनांचल ग्रामीण बैंक का विलय : अध्यक्ष". Jagran (in Hindi). 26 March 2019.
  6. ↑ "Government Renames Multiple Regional Rural Banks Across India". thekanal.in. Retrieved 26 October 2025.


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