Odisha Gramya Bank[1] (OGB) (Odia: ଓଡ଼ିଶା ଗ୍ରାମ୍ୟ ବ୍ୟାଙ୍କ) is a Regional Rural Bank established on 7 January 2013 with the amalgamation of Neelachala Gramya Bank (Odia: ନୀଳାଚଳ ଗ୍ରାମ୍ୟ ବ୍ଯାଙ୍କ), Kalinga Gramya Bank (Odia: କଳିଙ୍ଗ ଗ୍ରାମ୍ୟ ବ୍ଯାଙ୍କ) and Baitarani Gramya Bank (Odia: ବୈତରଣୀ ଗ୍ରାମ୍ୟ ବ୍ଯାଙ୍କ) in terms of provisions of Regional Rural Banks Act 1976. The bank is sponsored by Indian Overseas Bank & is jointly owned by the Government of India, Government of Odisha and IOB. It is under the ownership of Ministry of Finance , Government of India.
The shareholders of the Bank are Govt. of India (50%), Indian Overseas Bank (35%) and Govt. of Odisha (15%). The Bank is operating in 13 districts of Odisha State with its Head Office at Bhubaneswar. The bank has nine regional offices located at Balasore, Baripada, Cuttack, Chandikhol, Dhenkanal, Jashipur, Khurda, Keonjhar and Pipli.
The bank was established on 07.01.2013 with the branches of the erstwhile Neelachal, Kalinga and Baitarani RRBs. However, presently it has grown to a network of 549 branches, of which 446 are in remote rural areas.
Presently, the Bank operates in 13 districts of Coastal, Central and Northern Odisha viz. Puri, Khurda, Cuttack, Jajpur, Jagatsingpur, Nayagarh, Bhadrak, Baleswar, Kendrapada, Keonjhar, Mayurbhanj, Dhenkanal and Angul, covering 37% of the geographical area and 52% of the total population of Odisha State.
Performanceedit
The bank made a profit of Rs 14.42 Crore in the year 2013–14.[2] The bank had a CD ratio of 59.5% at the time of amalgamation.
In 2015, Odisha Gramya Bank came third in the ranking of all banks in Odisha on Financial Inclusion parameters, with a score of 67 out of 100, becoming eligible to handle Government business including State PSU deposits.[3]
National prominenceedit
Immediately after its inception, Odisha Gramya Bank came into national prominence with its fast-track solving of the high-profile gold loan fraud case[4] involving Ratikant Kanungo. The situation improved after the formation of Odisha Gramya Bank.
^"Odisha Govt Selects 14 Banks to Handle SPSU Deposits".
^"CBI cracks OGB fraud case".Odisha Diary, 30 May 2013.
March 17, 2024
odisha, gramya, bank, odia, ଓଡ, regional, rural, bank, established, january, 2013, with, amalgamation, neelachala, gramya, bank, odia, ଚଳ, kalinga, gramya, bank, odia, କଳ, baitarani, gramya, bank, odia, ତରଣ, terms, provisions, regional, rural, banks, 1976, ban. Odisha Gramya Bank 1 OGB Odia ଓଡ ଶ ଗ ର ମ ୟ ବ ୟ ଙ କ is a Regional Rural Bank established on 7 January 2013 with the amalgamation of Neelachala Gramya Bank Odia ନ ଳ ଚଳ ଗ ର ମ ୟ ବ ଯ ଙ କ Kalinga Gramya Bank Odia କଳ ଙ ଗ ଗ ର ମ ୟ ବ ଯ ଙ କ and Baitarani Gramya Bank Odia ବ ତରଣ ଗ ର ମ ୟ ବ ଯ ଙ କ in terms of provisions of Regional Rural Banks Act 1976 The bank is sponsored by Indian Overseas Bank amp is jointly owned by the Government of India Government of Odisha and IOB It is under the ownership of Ministry of Finance Government of India Odisha Gramya BankCompany typeRegional Rural BankIndustryBanking Financial servicesFounded2013HeadquartersBhubaneswar IndiaArea servedOdisha StateKey peopleShri Rishi Singh Chairman ProductsRupay Debit card consumer banking corporate banking finance and insurance Home loans investment banking mortgage loans private banking Vehicle loan wealth managementNet incomeINR 90 15 MillionOwnerGovernment of India 50 Government of Odisha 15 Indian Overseas Bank 35 Number of employees2203ParentMinistry of Finance Government of India Websitewww wbr odishabank wbr inThe shareholders of the Bank are Govt of India 50 Indian Overseas Bank 35 and Govt of Odisha 15 The Bank is operating in 13 districts of Odisha State with its Head Office at Bhubaneswar The bank has nine regional offices located at Balasore Baripada Cuttack Chandikhol Dhenkanal Jashipur Khurda Keonjhar and Pipli Contents 1 History 2 Performance 3 National prominence 4 See also 5 ReferencesHistory editThe bank was established on 07 01 2013 with the branches of the erstwhile Neelachal Kalinga and Baitarani RRBs However presently it has grown to a network of 549 branches of which 446 are in remote rural areas Presently the Bank operates in 13 districts of Coastal Central and Northern Odisha viz Puri Khurda Cuttack Jajpur Jagatsingpur Nayagarh Bhadrak Baleswar Kendrapada Keonjhar Mayurbhanj Dhenkanal and Angul covering 37 of the geographical area and 52 of the total population of Odisha State Performance editThe bank made a profit of Rs 14 42 Crore in the year 2013 14 2 The bank had a CD ratio of 59 5 at the time of amalgamation In 2015 Odisha Gramya Bank came third in the ranking of all banks in Odisha on Financial Inclusion parameters with a score of 67 out of 100 becoming eligible to handle Government business including State PSU deposits 3 National prominence editImmediately after its inception Odisha Gramya Bank came into national prominence with its fast track solving of the high profile gold loan fraud case 4 involving Ratikant Kanungo The situation improved after the formation of Odisha Gramya Bank See also edit nbsp Banks portalBanking in India List of banks in India Reserve Bank of India Regional Rural Bank Indian Financial System Code List of largest banks List of companies of India Make in India Utkal Grameen BankReferences edit OGB Website OGB Performance 2014 PDF Odisha Govt Selects 14 Banks to Handle SPSU Deposits CBI cracks OGB fraud case Odisha Diary 30 May 2013 Retrieved from https en wikipedia org w index php title Odisha Gramya Bank amp oldid 1181517874, wikipedia, wiki, book, books, library,
