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	Mani Subramanian (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	2700+ (2024)
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]

Mission and vision

Mission

• Serving with a Smile
• Providing Banking Services at an Affordable Cost
• Simplified Systems and Procedures
• Banking services to the last mile person

Vision

• Making Tamil Nadu Grama Bank the No. 1 household name in the state of Tamil Nadu

Area of operation

Prior to amalgamation, Pallavan Grama Bank, with its headquarters at Salem, functioned in 16 districts, and Pandyan Grama Bank, with its headquarters at Virudhunagar, functioned in 16 districts of Tamil Nadu.

After amalgamation, the bank is operating in 37 districts of Tamil Nadu except Chennai, with its headquarters at Salem.

Share holders

The paid-up capital is ₹46.96 crore, shared by the shareholders as below:

• Government of India (50%): ₹23.48 crore
• Government of Tamil Nadu (15%): ₹7.04 crore
• Indian Bank (35%): ₹16.44 crore

References

External links

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

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Related topics

• ATM usage fees
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