pandyan grama bank | pandyangramabank.in
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Welcome to Pandyan Grama Bank
A Scheduled Bank in the Public sector in INDIA under Regional Rural Banks Act 1976.
Established on 9th March 1977, Head Quarters at Sattur, then shifted to Virudhunagar, Tamilnadu state in South India.
Issued and Paid up Share Capital is Rs 1Crore, held by Government of India (50%),Government of Tamilnadu (15%) and Sponsor bank – Indian Overseas Bank (35%).
A leading Public Sector Bank – Indian Overseas Bank provides management expertise.
The Primary objective of the Bank is to finance farm & non-farm sectors and other employment generation programs.
Operates in 15 Districts with, 199 Branches, 6 Area offices with a staff strength of 875.
Continuous record of Profit. Total Reserves exceed Rs 104 Crores.
Achivements as on 30-09.2010
Deposits crossed Rs 1849.25 Crores
Credit crossed Rs 2221.91 Crores
Operating profit of Rs 32.92 Crores
Achieved a recovery percentage of 90 %
Disbursed a sum of Rs 1128 Crores during 2010 April to 2010 September for various farm & non-farm activities.
Opened 1 New Branch
Bank entered is Corporate Agent of LIC of India and United India Insurance Company, the first RRB.
Posted by musicking on Dec 25 2010. Filed under Business news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry
