| Company type | Regional Rural Bank |
|---|---|
| Industry | Financial Regional Rural Banks |
| Predecessor |
|
| Founded | April 1, 2019 |
| Headquarters | , |
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 |
The Jharkhand Rajya Gramin Bank [1] (JRGB) 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.
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.
Jharkhand Rajya Gramin Bank (JRGB) is one of the prominent Regional rural banks in India.
In 2019, Vananchal Gramin Bank was amalgamated with Jharkhand Gramin Bank to form Jharkhand Rajya Gramin Bank. [4]
