Odisha Gramya Bank
|Industry||Banking, Financial services|
Brundaban Nayak |
|Products||Rupay Debit card, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, Vehicle loan, Home loans, private banking, wealth management|
Odisha Gramya Bank (OGB) (Odia: ଓଡ଼ିଶା ଗ୍ରାମ୍ୟ ବ୍ୟାଙ୍କ) is a Regional Rural Bank established on 7 January 2013 with the amalgamation of Neelachala Gramya Bank, Kalinga Gramya Bank and Baitarani Gramya Bank in terms of provisions of Regional Rural Banks Act 1976. The bank is sponsored by Indian Overseas Bank & is jointly owned by the Government of India, Government of Odisha and IOB.
The shareholders of the Bank are Govt. of India (50%), Indian Overseas Bank (35%) and Govt. of Odisha (15%). The Bank is operating in 13 districts of Odisha State with its Head Office at Bhubaneswar. The bank has nine regional offices located at Balasore, Baripada, Cuttack, Chandikhol, Dhenkanal, Jashipur, Khurda, Keonjhar and Pipli.
The bank was established on 07.01.2013 with the branches of the erstwhile Neelachal, Kalinga and Baitarani RRBs. However, presently it has grown to a network of 548 branches, of which 445 are in remote rural areas.
Presently, the Bank operates in 13 districts of Coastal, Central and Northern Odisha viz. Puri, Khurda, Cuttack, Jajpur, Jagatsingpur, Nayagarh, Bhadrak, Baleswar, Ganjam, Keonjhar, Mayurbhanj, Dhenkanal and Angul, covering 37% of the geographical area and 52% of the total population of Odisha State.
The bank made a profit of Rs 14.42 Crore in the year 2013-14. The bank had a CD ratio of 59.5% at the time of amalgamation.
In 2015, Odisha Gramya Bank came third in the ranking of all banks in Odisha on Financial Inclusion parameters, with a score of 67 out of 100, becoming eligible to handle Government business including State PSU deposits.
Immediately after its inception, Odisha Gramya Bank came into national prominence with its fast-track solving of the high profile gold loan fraud case involving Ratikant Kanungo. The situation improved after the formation of Odisha Gramya Bank.
Board of directors
The bank's affairs are conducted by a Board of Directors consisting of the following persons :-
Sri Brundaban Nayak Chairman, Odisha Gramya Bank Head Office, Gandamunda PO-Khandagiri Bhubaneswar-751030 DOC-29.11.2014
Shri M.M. Sarangi, Deputy General Manager, Indian Overseas Bank, Central Office, 763 Anna Salai, Chennai-600002 Date of Joining- 19.03.2015 Continue till such time a fresh nomination is made.
Shri P.K. Mohanty Chief Regional Manager, Indian Overseas Bank Regional Office, B/2 West, Sahid Nagar Bhubaneswar 751 007 Date of Joining- 14.06.2014 Continue till such time a fresh nomination is made.
Shri Rabin Kanti Roy Deputy General Manager, National bank for Agriculture and Rural Development, Odisha Regional Office, 2/1, nayapali Civic Center, P.B.No 179 Bhubaneswar -751015
Date of Joining- 15.11.2013 Continue till such time a fresh nomination is made.
Shri S. N. Mishra Asst.General Manager Reserve Bank of India Pt.Jawaharlal Nehru Marg, RBI Building, Bhubaneswar-751001 Date of Joining- 05.06.2015 Continue till 04.06.2017 or till such time a fresh nomination is made.
Shri T. K. Pradhan Director, Institutional Finance & Ex-Officio Additional Secretary to Government of Odisha, Finance Department, Odisha Secretariate, Bhubaneswar -751001
Date of Joining- 19.11.2014 Continue till such time a fresh nomination is made.
Sri N.B. Jawale, IAS Director, (Special Projects) Panchayati Raj Department, Government of Odisha, Secretariate, Bhubaneswar-751001 Date of Joining- 13.10.2014 Continue till 12.10.16
Sri Subhankar Mohapatra At- Neliabag PO- Srikanthapur Dist-Balasore-756001 Odisha Date of Joining- 16.09.2013 Continue till 12-09-2015 such time a fresh nomination is made
Sri Brajabandhu Behera At- V-IM- 413 PO-Sailashree Vihar Bhubaneswar-751021 Odisha Date of Joining- 31.01.2014 Continue till 30.01.2016 such time a fresh nomination is made
- "OGB Website".
- "OGB Performance 2014" (PDF).
- "Odisha Govt Selects 14 Banks to Handle SPSU Deposits".
- "CBI cracks OGB fraud case".Odisha Diary, 30 May 2013.
- "OGB Board Members".