Pallavan Grama Bank

Pallavan Grama Bank
Type	[Government] a subsidiary of Indian bank.
Industry	Banking, Financial Services
Founded	31-08-2006,Regional Rural Banks Act-1976
Headquarters	Salem, Tamil Nadu, India
Area served	Northern Districts of Tamil Nadu,India
Key people	Sureshkumar S (Chairman)
Products	consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management, Credit cards,
Owner	Government of India (50%), Government of Tamil Nadu (15%) & Indian Bank (35%)
Number of employees	611 (2014)
Slogan	For you, For ever
Website	www.pallavangramabank.in

Pallavan Grama Bank (Tamil:பல்லவன் கிராம வங்கி) is a regional rural bank in the Indian state of Tamil Nadu. It serves in 15 districts of the state with more than 200 branches.

History

Pallavan Grama Bank, sponsored by Indian Bank, was formed on 31-08-2006 by amalgamation of erstwhile Adhiyaman Grama Bank, Dharmapuri & Vallalar Grama Bank, Cuddalore as per GOI Gazatte Notification dated 31-08-2006.

Area of Operation

Prior to amalgamation, Adhiyaman Grama Bank with its Headquarters at Dharmapuri was functioning in two districts viz. Dharmapuri & Krishnagiri and Vallalar Grama Bank with its Headquarters at Cuddalore was functioning in two districts viz. Cuddalore and Villupuram. After amalgamation, the bank has been allotted additional 11 districts viz., Coimbatore, (Tiruppur.) Erode, Kancheepuram, Karur, Namakkal, Nilgiris, Salem, Thiruvallur, Thiruvannamalai and Vellore taking the total number of districts to 15.

Share Capital

The authorised capital of the Bank is Rs.500.00 lakhs and the paid up capital is Rs.200.00 lakhs shared by the shareholders as below.

Government of India

- Rs. 100.00 lakhs (50%)

Government of Tamil Nadu

- Rs. 30.00 lakhs (15%)

Indian Bank

- Rs. 70.00 lakhs (35%)

Both the erstwhile RRBs have been selected for restructuring and additional capital has been infused to them. The amount of Share Capital Deposit received stands as follows. Government of India (50%) - Rs. 227.89 lakhs Government of Tamil Nadu (15%) - Rs. 68.36 lakhs Indian Bank (35%) - Rs. 159.53 lakhs

Human Resource Development

Catogary	Total
Officers	351
Office Assistants	253
Office Attendants	07
Total	611

Priority Sector lending

Priority Sector advancesas on 31 March 2014 Rs.1117.84 crores which is 63.55% of total advances

Agricultural Credit

Lending to Agriculture remains one of the major thrust areas of the Bank. Bank has continued to focus on qualitative credit growth and faster credit delivery with special emphasis on agricultural activity. The disbursement made by the Bank under agricultural credit was Rs.1587.15crores. Of which Rs.1310.55 crores towards crop credit and Rs.276.60.00 crores for investment credit (Term) extending credit to 180902 farmers Financial assistance has been extended to 58584 new farmers covering on an average of 343 farmers per branch,. The total agricultural advances stood at Rs.800.68 crores as March 2014 and constituted 45.53% of the Gross Bank credit against Rs.858.53 crores constituting 62.72% as of March 2013. Investment credit in Agriculture continues to be focus area of our Bank. Credit flow through Investment Credit can scale up capital formation under agriculture. The total outstanding under Investment credit is Rs.165.72 crores constituting 9.43% of total advances. Dairying is a most common investment activity taken up by farmers as a supplementary activity in rural areas. Our Bank has formulated a new scheme called "PALLAVAN GOMATHA PLUS" wherein financial support could be extended for setting up small dairy farms by farmers and agricultural labourer to increase their income and employment level.

Kisan Credit Card

During the year, the Bank has issued 47183 Kisan Credit Cards involving Bank credit to the tune of Rs.389.79 crores. As of March 2014, the outstanding advance under KCC isRs.305.06 crores and the number of outstanding cards is 18086. All the Kisan Card holders are covered under PAIS. (Personal Accident Insurance Scheme)

Women Development Cell

The Bank through its Women Development Cell has implemented many schemes for the upliftment and empowerment of the Rural Women. The objective of the Cell include identifying the potential areas for development of women either on individual or group basis, preparation of gender responsive policies for enhancing the coverage of women initiating schemes to increase the flow of credit to women. During the year the Bank has credit linked 10396 groups to the tune of Rs.332.07 crores, including fresh linkage to 2594 groups. The total outstanding of SHG as of 31.03.2014 is Rs.187.07 crores covering 9602 groups. It constitutes 10.63% of the total advances. Bank has provided financial assistance to 129 SHGs to the tune of Rs.1.05 crores under SGSY/Economic Assistance. Bank also sanctioned Revolving Fund Credit assistance to 117groups to the extent of Rs.64.77.crores. As on 31.03.2014 as many as 27950SHGs are having SB accounts with the Bank of which 1930 are fresh accounts opened during the year.

Farmers Club

The Bank has formed 7 new Farmers clubs during this year, thus making the total number of clubs to 119 as against the previous year figure of 102. The Bank considers that the clubs provide excellent support for extension of Bank’s various schemes of deposits and advances, formation of SHGs and recovery of Bank’s dues, follow up etc..

Financial Inclusion Plan

As per extant guidelines issued by the Government of India, Reserve Bank of India, NABARD and Indian Bank (Sponsor Bank), our Bank is implemented Financial Inclusion Plan (FIP) in 68 villages with population having more than 2000 in Dharmapuri, Krishnagiri, Cuddalore, Villupuram and Salem districts. The bank has also implemented the FIP in 154 villages having population below 2000 covering all our 5 command districts. Accordingly FIP has been prepared for providing banking services in all the villages with population above 2000 and below 2000 allotted to our bank covering 160000 households. 56 of our branches are to implement this Financial Inclusion Solution Project. A comprehensive financial inclusion plan for our bank has been formulated as "PALLAVAN SEVA GRAM PROJECT" which includes all aspects of Financial Inclusion activities. The bank has introduced two new products, "Pallavan Akshaya Savings Bank", a No Frill product having mandatory overdraft facility from Rs.500/- to Rs.5000/- which will be provided at the time of opening of account itself. The other one is "Pallavan Kathiroli Kanakku", a General Credit Card product to cater the need for small traders by providing overdraft facility up to Rs.25000/-.

References

Banking in India

Reserve bank	Reserve Bank of India

Public sector banks	Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra Bharatiya Mahila Bank Canara Bank Central Bank of India Corporation Bank Dena Bank IDBI Bank Indian Bank Indian Overseas Bank Oriental Bank of Commerce Post Bank of India Punjab & Sind Bank Punjab National Bank State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of India State Bank of Mysore State Bank of Patiala State Bank of Travancore Syndicate Bank UCO Bank Union Bank of India United Bank of India Vijaya Bank

Private sector banks	Axis Bank Bandhan Bank Catholic Syrian Bank City Union Bank DCB Bank Dhanlaxmi Bank Federal Bank HDFC Bank ICICI Bank IDFC Bank IndusInd Bank Jammu & Kashmir Bank Karnataka Bank Karur Vysya Bank Kotak Mahindra Bank Lakshmi Vilas Bank Nainital Bank RBL Bank (Ratnakar Bank) South Indian Bank Tamilnad Mercantile Bank Limited Yes Bank

Cooperative banks	Buldhana Urban Cosmos Bank Repco Bank Saraswat Bank Shamrao Vithal Co-op. Bank TNSC Bank Rajkot Nagrik Sahakari Bank

Foreign banks	ABN AMRO Abu Dhabi Commercial Bank Antwerp Diamond Bank Australia and New Zealand Banking Group Bank Internasional Indonesia Bank of America Bank of Bahrain and Kuwait Bank of Ceylon The Bank of Tokyo-Mitsubishi UFJ Barclays Citibank India Credit Suisse Deutsche Bank HSBC The Royal Bank of Scotland Scotiabank Standard Chartered

Regional Rural Banks	Andhra Pragathi Grameena Bank Kerala Gramin Bank Bangiya Gramin Vikash Bank Gramin Bank of Aryavart North Malabar Gramin Bank Pallavan Grama Bank Pandyan Grama Bank Paschim Banga Gramin Bank Sarva UP Gramin Bank South Malabar Gramin Bank Uttar Bihar Gramin Bank Vananchal Gramin Bank List of regional rural banks in Uttar Pradesh

Interbank networks	BANCS Cashnet CashTree Cirrus IMPS MITR NFS PLUS RuPay

Defunct banks	Alliance Bank of Simla Arbuthnot & Co Bank of Bombay Bank of Calcutta Bank of Chettinad Bank of Madras Bank of Madura Bank of Rajasthan Bengal Central Bank Bharat Overseas Bank Centurion Bank of Punjab Chartered Bank of India, Australia and China Commercial Bank of India Dass Bank Exchange Bank of India & Africa Global Trust Bank Grindlays Bank Imperial Bank of India ING Vysya Bank Lord Krishna Bank Madhavpura Mercantile Cooperative Bank Mercantile Bank of India, London and China Nath Bank Nedungadi Bank New Bank of India Oriental Bank Corporation Oudh Commercial Bank Palai Central Bank Pandyan Bank State Bank of Indore State Bank of Saurashtra United Industrial Bank

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