Vananchal Gramin Bank, Jharkhand

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Vananchal Gramin Bank[1] (VGB) is a Regional Rural Bank (RRB_). 

The bank was established on 30 June 2006 with the amalgamation of the erstwhile Santhal Parganas Gramin Bank and erstwhile Palamau Kshetriya Gramin Bank under the provisions of RRB Act 1976. 

This bank is sponsored by State Bank of India & is jointly Owned by the Government of India, Government 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

The bank has four Regional Offices functioning at Deoghar, Godda, Daltonganj and Garhwa.

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