Tamil Nadu Grama Bank

Tamil Nadu Grama Bank
Native name	தமிழ்நாடு கிராம வங்கி
Type	Regional Rural Bank
Industry	Banking; Financial services
Predecessor	Pallavan Grama Bank ; Pandyan Grama Bank
Founded	1 April 2019
Headquarters	6, Yercaud Salai, Hasthampatti, Salem,; Tamil Nadu, India
Number of locations	682 (2025)
Area served	Tamil Nadu, India
Key people	Mani Subramanian; (Chairman)
Products	Consumer banking; Finance and insurance; Mortgage loans; Private banking; Term Deposits;
Revenue	₹3,099.57 crore (US$320 million) (2024)
Operating income	₹775.71 crore (US$81 million) (2024)
Net income	₹446.73 crore (US$46 million) (2024)
Total assets	₹32,761.26 crore (US$3.4 billion) (2024)
Owner	Government of India (50%) ; Indian Bank (35%); Government of Tamil Nadu (15%)
Number of employees	2700+ (2024)
Parent	Ministry of Finance, Government of India
Website	tngb.bank.in

Tamil Nadu Grama Bank (TNGB) is a regional rural bank headquartered at Salem in Tamil Nadu, India. The bank is jointly owned by the central and state governments and sponsored by the Indian Bank. It is under the ownership of the Ministry of Finance, Government of India.^[2]^[3]

As per Gazette Notification No. 363 dated 28 January 2019, the Government of India amalgamated Pandyan Grama Bank (sponsored by Indian Overseas Bank) and Pallavan Grama Bank (sponsored by Indian Bank) into a new single Regional Rural Bank named Tamil Nadu Grama Bank. The bank was formed on 1st April 2019. ^[4]

Share holders

The paid-up capital is ₹46.96 crore, shared by the shareholders as below: