Our bank is a wholly Government owned Bank. The Government of India, State bank of India, & the State
government are our three stake holders. We have a network of 203 branches in two divisions of Jharkhand
state namely Santhal Pargana & Palamu. Head Office of the bank is located at Dumka & four Regional Offices
are located at Deoghar, Godda, Daltonganj & Garhwa
We have a variety of deposit & loan products and other financial services to suit the different types of
customer’s requirements. We are also providing high value advances/big loans to our customers at
competitive rate. We are keeping pace with all technological development to provide the best of services to
HIGHLIGHTS OF PERFORMANCE OF THE BANK FOR THE FINANCIAL YEAR 2014-15
Business development :-
Deposit increased from 1943.15 crore to 2173.77 crore.
Advance increased from 1021.11 crore to 1126.57 crore .
CASA Deposit increased from 1212.50 crore to 1330.41 crore.
Business per Employee increased from 3.07 crore to 3.44 crore .
Business per Branch increased from 14.60 crore to 16.26 crore .
The Bank earned a profit of 18.44 lacs during the financial year.
CD Ratio of the bank is 51.83% as on 31.03.2015.
Percentage of gross NPA decreased from 14.37% to 13.50% and net NPA also decreased from 12.65% to 11.23%.
VGB has recovered Rs. 494.87 Lacs in the written off accounts during the FY 2014-15.
VGB is No. 1 in Micro Insurance among SBI sponsored RRBs with coverage of 19927 Lives Insured under Micro Insurance during the year.
VGB collected Rs. 371.81 Lacs premium under SBI Life and have 5th position among SBI sponsored RRBs during the year
Role in implementation of Government sponsored programme :-
We are playing a vital role in implementation of government sponsored programme aimed at eradication of poverty and upliftment of rural poors.
Issued KCC cards to 76976 farmers and disbursed a loan of Rs. 239.13 crore during the year.
We have disbursed a loan of 9.87 crore under PMEGP to 250 unemployed youths.
We have tie-up arrangement with NBCFDC, NSTFDC & NSKFDC who provide concessional refinance to backward classes, scheduled tribes and safai karmachari beneficiaries respectively.
We have disbursed a loan of 32 lacs to 23 beneficiaries under NSTFDC programme.
We have given credit linkage to 853 SHG group & provided them a loan of 414.23 lacs during the year.
VGB is operating 9 Financial Literacy centres at our 9 district head quarters. 478 camps were organized
at different places of all 9 districts by our FLCs and Branches in which 32895 people participated in the
268 CSPs are operating in all 9 districts of our area of operation for providing services to the villagers.
Total 4483 Villages/635 SSAs were allotted to us, in which we are providing banking services through
our branches and CSPs.
164471 accounts have been open and 111188 Rupay card have been issued under PMJDY.
POST CBS DEVELOPMENT :-
We have provided the facility of NEFT/RTGS & ATM cards to our customers, transfer of DBTL/DBT/ACH in customer account through NACH.
We have implemented KIOSK banking through Customer Service Point(CSP) serviced by Bank Mitras.
Implemented Single window system for improved customer service.
Our ATM cards are accepted at all POS in India.
We are in the platform of Aadhaar Payment Bridge System (APBS) in collaboration with NPCI.
Lastly I would like to request you to visit our branches and give us an opportunity to serve you