Vananchal Gramin Bank
|Industry||Banking, Financial services|
|Key people||B. K. Mishra
|Products||Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management|
Vananchal Gramin Bank (VGB) (Hindi: ) is a Regional Rural Bank established in terms of provisions of Regional Rural Banks Act 1976 & is sponsored by State Bank of India. The bank was established on 30 June, 2006 with the amalgamation of the erstwhile Santhal Parganas Gramin Bank and erstwhile Palamau Kshetriya Gramin Bank in terms of provisions of RRBs 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.
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 consisting of the following persons :-
- Dr Subhash Ch Pati, Chairman
- Umakant Singh, SBI
- Satish Kumar, RBI
- P K Dutta, NABARD