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Chairman's Message


Message From Chairman

Message From Chairman

 
(Shri Sunil Vinayak Zode)
C H A I R M A N

Dear visitor

Thanks for visiting our website

JHARKHAND RAJYA GRAMIN BANK is proud to be an innovative and progressive Regional Rural Bank committed to become “Bank of first choice” for people of Jharkhand. We aspire to act responsibly with compassion, to lend the strength of enduring partnership to the growth and development of Jharkhand.

At all 444 branches of JHARKHAND RAJYA GRAMIN BANK, we whole heartedly cater to your individual needs with our products and services delivered by our genuinely friendly staff members. We take pride in the fact that no other Bank in the state has got the ample recognition and overwhelming affection of people of Jharkhand in a short span of 02 (two) years.

Although we are serving the people of Jharkhand since eighties of the last century through erstwhile Jharkhand Gramin Bank and erstwhile  Vananchal Gramin Bank which were subsequently amalgamated in terms of Gazette Notification No. 454 of MOF, DFS,(GoI) dated 31.01.2019 and a new entity JHARKHAND RAJYA GRAMIN BANK came into existence w.e.f 1st April 2019 which is owned by Government of India, the largest Bank of the country “State Bank of India” and “Government of Jharkhand” with shareholdings in the ratio of 50:35:15 respectively.

With 444 Branches spread across all 24 districts of Jharkhand, we are the 3rd largest Bank in terms of Branch network behind State Bank of India and Bank of India while we are the market leader in BC operations having 4,289 CSPs strong BC network with penetration and presence in all the Gram Panchayats in the state. Our Bank is having a strong customer base of 70.00 Lakh which means 22% of population of Jharkhand is banking with us.

In a short span of two years, we have made all-out efforts to excel in every sphere of Banking Business in the state. JRGB has been pioneer in the country in the undernoted spheres:

(i) Appointing SHG members as BC,

(ii) Appointing Bank Sakhis, having financial know-how as Financial Literacy Counsellors,

(iii) Implementation of Fraud Risk Management Solution (FRM Solution),

(iv) On boarding of CTS Solution on Mobile: JRGB is the first bank to onboard 100% of its branches on CTS clearing through Mobile CTS Solution.

(v) Cloud based Core Banking Solution (CBS):  JRGB became first RRB to migrate CBS to cloud based technology

We whole heartedly participated in PMJJBY, PMSBY & APY, a flagship Social Security Programme of Government of India and successfully achieved our annual target of PMJJBY & PMSBY with handsome margin during FY 2020-21. We were ranked all India No. 2 in APY enrollment and were declared winners of all APY Campaigns launched by PFRDA.

To increase other income, our Branches sourced substantial insurance business of SBI Life & SBI General. During FY 2020-21, JRGB secured No. 1 position under both types of Cross Selling business.

The salient features of financials of Jharkhand Rajya Gramin Bank (JRGB) as on 31st March 2021 are as under:

(i) Total Deposit of the Bank stood at Rs.8,421.41 Crore as on 31.03.2021 against 7068.72 Crore as on March 2019, registering a growth of 19.13%.

(ii) Total Low Cost Deposit (Current Account + Savings Bank Account) of the Bank stood at 5410.53 Crore (64.25% of total deposit) as against 4512.37 Crore as on March 2019 registering a growth of 19.90%.

(iii) Advances outstanding stood at Rs.3450.12 Cr as on 31.03.2021 as against 2745.12 Cr as on March 2019, registering a growth of 25.68%.

(iv) Total Business of the Bank stood at 11871.53 Crore as on 31.03.2021 against an outstanding balance of Rs.9813.44 Cr as on March 2019, registering a growth of 20.97%.

(v) CD Ratio stood at 40.97% as on 31.03.2021 against 38.84% as on March 2019, registering a growth of 2.14%.

(vi) Operating Profit stood at 287.27 Cr as on 31.03.2021 against 129.15 Cr as on March 2019, registering a growth of 122.43%.

(vii) Gross NPA of the Bank as on 31.03.2021 stood at 317.28 Cr (9.20% of total advances), registering a decline of 1.77% as on March 2019 (i.e. since inception).

(vii) Provision Coverage Ratio (PCR) as on 31.03.2021 : 52.86%

(viii) Capital Adequacy Ratio (CRAR) as on 31.03.2021 : 10.87%

(ix) Return on Asset (ROA) as on 31.03.2021                : 0.34%

(x) New Account Opened (FY 2020-21)      : 9,09,875 (Highest by any Bank in the state)

(xi) Credit Linkage of SHGs (FY 2020-21)   : 33,156  (Highest by any Bank in the state),

To make Rural Women financially empowered, we, with the help of JSLPS and NABARD, have undertaken SHG Credit linkage in a big way. During FY 2020-21, Bank provided credit linkage to 33,156 SHGs and having more than 53,000 SHG Bank accounts at the end of the financial year. With financial assistance from NABARD, our FLCs in all the 24 districts, have conducted 1,250 Financial Literacy Camps during FY 2020-21 to spread financial literacy among rural masses. To uphold our commitment for enhanced lending under production credit, the Bank is having 3,79,026 KCC accounts in its kitty which is highest in the state.

Excellence in customer service with a local feel is our specialty. Please visit your nearest Bank Branch and give us an opportunity to serve you better. In case of any suggestion, please feel free to drop a mail "ho@jrgb.in" or contact our Head Office Team located at Ranchi. We assure you of the best possible services all the times.


(Sunil Vinayak Zode)

 CHAIRMAN

 

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0651- 2210095
ho@jrgb.in