Pandyan Grama Bank - Wikipedia Pandyan Grama Bank This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. ( June 2017 ) Pandyan Grama Bank Type Public Industry Banking, Financial services Founded 1976 Headquarters Virudhunagar, Tamil Nadu, India Area served 16 districts Key people Shri. N. RAVICHANDRAN ( Chairman ) Products Financial Services Net income ₹ 74.63 crore ( US $12 million ) ( March 2017 ) Owner Govt of India, Govt of TN and Indian Overseas Bank Website www.pandyangramabank.in Pandyan Grama Bank ( Tamil : பாண்டியன் கிராம வங்கி ) is a Scheduled public sector bank in Tamil Nadu established under Regional Rural Bank Act 1976. It was founded on 9 March 1977 at Sattur, then later shifted to Virudhunagar on 16 July 1993. It had been issued and paid up a share capital of one crore of rupees by Government of Tamil Nadu ( 15 % ), Government of India ( 50 % ) & Indian Overseas Bank ( 35 % ). Primary objective of the bank is to finance for agricultural and non-agricultural sectors in rural area. National Bank for Agriculture and Rural Development ( NABARD ) had awarded an A rating to Pandyan Grama Bank in recognition of its performance. Operations Pandyan Grama Bank has its own Administrative Office at Collectorate Complex Virudhunagar. It has five Regional Offices at Virudhunagar, Sivagangai, Thoothukudi, Tirunelveli and Thanjavur. It operates in 16 districts Virudhunagar, Sivagangai, Ramanathapuram, Pudukottai, Thoothukudi, Tirunelveli, Kanyakumari, Madurai, Theni, Dindigul, Trichy, Thanjavur, Tiruvarur, Nagapattinam, Ariyalur and Perambalur with 313 branches in Tamil Nadu as on 09.03. 2017. Achievements Pandyan Grama Bank ( PGB ) received the Best Performance award from NABARD. It was recognized as a model institution by NABARD for hosting exposure visits on SHGs and JLGs. NABARD also awarded PGB with ' A ' grade for their performance. In addition to banking, PGB also hosts Insurance business in co-operation with LIC and Universal Sampo by providing their products in its branches. It is one of the fastest growing rural banks in India as identified by Reserve Bank. References Jump up ^ `` Pandyan Grama Bank branch inaugurated ''. The Hindu. Retrieved 27 February 2014. 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You can help Wikipedia by expanding it. This article about an Indian company is a stub. You can help Wikipedia by expanding it. Retrieved from `` https://en.wikipedia.org/w/index.php?title=Pandyan_Grama_Bank&oldid=815694994 '' Categories : Banks of India Regional rural banks of India Government - owned banks of India Companies based in Tamil Nadu Government - owned companies of India Bank stubs Indian company stubs Hidden categories : Articles needing additional references from June 2017 All articles needing additional references Use Indian English from May 2013 All Wikipedia articles written in Indian English Use dmy dates from March 2013 Pages using infobox company with unsupported parameters Articles containing Tamil - language text All stub articles Talk About Wikipedia தமிழ் Edit links This page was last edited on 16 December 2017, at 13 : 40. Text is available under the Creative Commons Attribution - ShareAlike License ; additional terms may apply. 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Question: who is the sponsoring bank for the pandian gramin bank
Answer: Indian Overseas Bank