Jharkhand Rajya Gramin Bank: Empowering Rural Prosperity with Tradition & Innovation

Summary

The Jharkhand Rajya Gramin Bank, formed by merging Vananchal Gramin Bank and Jharkhand Gramin Bank, represents a significant change in regional rural banking since 2019. With an ownership structure of Government of India (50%), SBI (35%), and Government of Jharkhand (15%), it delivers commercial banking products to boost rural economies. Operating in 24 districts, it promotes financial inclusion and development.