Odisha Gramya Bank

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Odisha Gramya Bank
Public
Industry Banking, Financial services
Founded 2013
Headquarters Bhubaneswar, India
Area served
Odisha State
Key people
Brundaban Nayak
(Chairman)
Products Rupay Debit card, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, Vehicle loan, Home loans, private banking, wealth management
Website www.odishabank.in

Odisha Gramya Bank[1] (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.

History[edit]

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.

Performance[edit]

The bank made a profit of Rs 14.42 Crore in the year 2013-14.[2] 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.[3]

National prominence[edit]

Immediately after its inception, Odisha Gramya Bank came into national prominence with its fast-track solving of the high profile gold loan fraud case[4] involving Ratikant Kanungo. The situation improved after the formation of Odisha Gramya Bank.

Board of directors[edit]

The bank's affairs are conducted by a Board of Directors[5] 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

See also[edit]

References[edit]