Tamil Nadu Grama Bank

Tamil Nadu Grama Bank

Company type	Regional Rural Bank
Industry	Banking Financial services
Predecessor	Pallavan Grama Bank Pandyan Grama Bank
Founded	1 April 2019; 5 years ago (2019-04-01)
Headquarters	6, Yercaud Salai, Hasthampatti, Salem, Tamil Nadu, India
Area served	Tamil Nadu, India
Key people	S. Selvaraj (Chairman)
Products	Consumer banking Corporate banking Finance and insurance Investment banking Mortgage loans Private banking Private equity Savings Securities Asset management Wealth management Credit cards
Net income	₹182.436 crore (US$23 million) (March 2021) ₹229.28 crore (US$29 million) (March 2022) (2022)
Owner	Government of India (50%) Government of Tamil Nadu (15%) Indian Bank (35%)
Number of employees	2500+ (2022)
Parent	Ministry of Finance, Government of India
Website	www.tamilnadugramabank.com

Tamil Nadu Grama Bank (TNGB) is a regional rural bank headquartered at Salem in Tamil Nadu, India. The bank is jointly owned by the central and state governments and sponsored by the Indian Bank. It is under the ownership of the Ministry of Finance, Government of India.

Tamil Nadu Grama Bank was formed on 1 April 2019 by the amalgamation of the erstwhile Pallavan Grama Bank and Pandyan Grama Bank, as per GOI Gazette Notification No. 363 dated 28 January 2019.^[1][2]

Share Capital

The paid-up capital is Rs. 46.96 crores, shared by the shareholders as below:

• Government of India (50%): Rs. 23 crores and 48 lakhs
• Government of Tamil Nadu (15%): Rs. 7 crores and 4 lakhs
• Indian Bank (35%): Rs. 16 crores and 44 lakhs

References

External links

• "Pandyan Grama Bank branch inaugurated". The Hindu. 28 December 2012. Retrieved 6 August 2021.

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