Tamil Nadu Grama Bank Operations and Management

Tamil Nadu Grama Bank Operations and Management is a crucial aspect of the bank's functioning. The bank operates in rural areas of Tamil Nadu, providing banking services to the local population.

The bank's operations are managed by a team of experienced professionals who ensure smooth functioning of the bank's activities. They are responsible for managing the bank's resources, including human resources, technology, and infrastructure.

The bank's operations are guided by a set of rules and regulations, which are outlined in the Tamil Nadu Grama Bank Rules, 2014. These rules provide a framework for the bank's operations and ensure that it functions in accordance with the laws of the land.

The bank's management team is responsible for making key decisions that impact the bank's operations and growth. They work closely with the government and other stakeholders to ensure that the bank's activities align with the state's development goals.

Tamil Nadu Grama Bank is a state-owned bank in India that was established in 1977 as a rural bank. It was formed by merging 14 primary cooperative agricultural and rural development banks.

The bank's main objective is to provide financial services to rural areas and promote economic development.

Tamil Nadu Grama Bank has a strong presence in rural Tamil Nadu, with over 1,500 branches across the state.

The bank offers a range of financial products and services, including loans, deposits, and remittances.

Tamil Nadu Grama Bank has been instrumental in promoting financial inclusion in rural areas, with a focus on microfinance and small-scale entrepreneurship.

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The Tamil Nadu Grama Bank has a diverse shareholder base. The paid-up capital is ₹46.96 crore, shared by the shareholders as follows:

The bank's management is overseen by its shareholders, who collectively hold a significant stake in the institution.

Shareholders play a crucial role in the success of any organization, and in the context of Indian banking, the Government of India, Government of Tamil Nadu, and Indian Bank are the major shareholders.

The paid-up capital of the bank is ₹46.96 crore, which is shared among the shareholders in the following ratio:

This distribution of shares highlights the significant role of the Government of India and Indian Bank in the bank's ownership structure.

Tamil Nadu Grama Bank has a physical presence with a Head Office located at No. 6, Yercaud Road Hasthampatty, Salem 636 007.

The Tamil Nadu Grama Bank has performed exceptionally well in terms of its financial health. With a net profit of Rs. 1,234 crores in 2020, it has consistently demonstrated its ability to manage its finances effectively.

The bank's asset quality has also improved significantly, with a gross non-performing asset (NPA) ratio of 4.5% in 2020, down from 6.2% in 2015. This indicates a reduction in bad loans and a healthier balance sheet.

The bank's customer base has grown steadily, with a 15% increase in deposit accounts between 2015 and 2020.

The Tamil Nadu Grama Bank operates in a significant number of districts in the state. It has a presence in 37 districts of Tamil Nadu, excluding Chennai.

Prior to amalgamation, the bank's predecessors, Pallavan Grama Bank and Pandyan Grama Bank, each operated in 16 districts.

The Pallavan Grama Bank, with its headquarters in Salem, was one of the two banks that merged to form the Tamil Nadu Grama Bank.

The Tamil Nadu Grama Bank saw a significant growth in its total business, reaching ₹30,578.05 crore in FY21, a ₹5,829.36 crore increase from the previous year.

This substantial growth is a testament to the bank's ability to adapt and thrive in challenging times, such as the pandemic that was prevalent during FY21.

The bank's deposits stood at ₹14,858.82 crore, while gross advances were at ₹15,719.23 crore, both of which saw significant increases from the previous year.

The bank's focus on growth is evident in its efforts to expand its services and reach a wider customer base, contributing to its overall success.

The bank's total income also saw a substantial increase, reaching ₹1,824.37 crore in FY21, up from ₹1,713.33 crore in the previous year.

The benefits of using an IFSC code are numerous. It makes financial transactions easier, allowing you to transfer funds quickly and efficiently.

One of the key advantages is that it reduces the potential for frauds, giving you peace of mind when making online transactions.

The IFSC code is also linked to the bank's branch, which can be identified by the last six digits, in this case, PLB001.

This unique code enables online banking mode, making it easier to manage your finances from the comfort of your own home.

Here are some of the ways IFSC code facilitates financial transactions:

The IFSC code also enables various types of fund transfers, including NEFT, RTGS, and IMPS.