Vananchal Gramin Bank Notification - 16 Nov 2019

Vananchal Gramin Bank (VGB), has been established on 30.06.2006 with the amalgamation of erstwhile Santhal Parganas Gramin Bank and erstwhile Palamau Kshetriya Gramin Bank in terms of provisions of RRBs Act 1976. This bank is sponsored by State Bank of India & Owned by Govt. of India, Govt. of Jharkhand and State Bank of India . The shareholders of the Bank are Govt. of India (50%), State Bank of India (35%) and Govt. of Jharkhand (15 %). The Bank is operating in 9 districts of Jharkhand State with its Head Office at Dumka (sub-capital of Jharkhand State ).

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