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Jharkhand Rajya Gramin Bank (JRGB) came into existence on 1st April 2019 after amalgamation of erstwhile RRBs, Vananchal Gramin Bank & Jharkhand Gramin Bank, in terms of Gazette Notification no. 454 of Ministry of Finance, Department of Financial Services, Government of India dated 31.01.2019. This Bank (JRGB) is owned by “Government of India”, the largest Bank of country “The State Bank of India” and “Government of Jharkhand” with shareholdings in the ratio of 50:35:15 respectively.
The Bank has 08 Regional Offices & 443 branches spread in all 24 districts of Jharkhand covering each Block of Jharkhand State. Branch network of our Bank is third largest in the State after State Bank of India & Bank of India. All our branches are on CBS platform and equipped with other facilities such as RTGS/NEFT/DBT along with Mobile Banking services. In addition to this we have more than 2000 active CSP/BC points and 24 Financial Literacy Centre. We are pioneer in the state in appointing women SHG members as BC agents.
The salient features of financials of Jharkhand Rajya Gramin Bank (JRGB) as on 31.03.2020 are as under:
Total deposit of the Bank stood at Rs.7588.13 crore as on 31.03.2020.
Total low cost deposit of the Bank stood at Rs.5046.82 crore (66.51% of total deposits) as on 31.03.2020.
Advances outstanding stood at Rs.3040.50 crore as on 31.03.2020.
Business Mix of the Bank stood at Rs.10628.63 crore.
CD Ratio stood at 40.07% as on 31.03.2020.
Operating profit stood at Rs.236.09 crore as on 31st March 2020.
Gross NPA of the Bank as on 31.03.2020 was Rs.275.28 crore, which is 10.79% of total advances.
CRAR of the Bank stood at 11.33% as on 31.03.2020.
During Financial year 2018-19, the Bank has posted a Net Profit of Rs.41.67 crore and Bank has shown improvement under all Business parameters. For empowering women in rural areas of Jharkhand, the Bank has undertaken SHG financing in a big way with the help of JSLPS and NABARD. The Bank has credit linked 23352 SHGs during the Financial Year 2018-19. Bank is having more than 46000 SHG Bank accounts. Proving our commitment for enhanced lending under production credit, the Bank is having more than3,90,000 KCC accounts.
Our Bank is actively participating in all Social Security Schemes of Government like PMJDY, PMSBY, PMJJBY, PMMY and Atal Pension Yojna.
Better customer service with a local feel is our specialty. Please visit your nearest branch and give us an opportunity to serve you better. In case of any suggestion please feel free to contact our Head Office Team.
(Sunil Vinayak Zode)