Telangana Grameena Bank, established as a government-scheduled bank under the Regional Rural Bank Act of 1976, now operates in five former districts, namely Adilabad, Karimnagar, Nizamabad, Rangareddy, and Hyderabad, i.e., 18 reorganised districts of the State, with a network of 421 branches. In the ratio of 50:35:15 per cent, the bank's shareholders are the Government of India, State Bank of India, and the Government of Telangana. TGB is one of the Telangana state's rural banks with a strong performance in backward state districts in terms of advances and deposits, profit growth, and nonperforming assets (NPAs) (non-performing assets).
Brief History of TGB
Candidates should remember a few more crucial aspects of TGB's history after memorising the TGB full form, which is stated below.
- The TGB, formerly known as (DGB) Deccan Grameena Bank, was formed on March 24, 2006, by joining four RRBs supported by the Hyderabad State Bank: Golconda Grameena Bank, Sri Saraswathi Grameena Bank, and Sri Rama Grameena Bank.
- DGB developed its headquarters in Hyderabad by offering various services such as low-interest rates and superior credit service, among other things.
- The DGB in Telangana State covers five districts, most of which are backward, namely Hyderabad, Rangareddy, Karimnagar, Nizamabad, and Adilabad. The bank's permissible cash inflows are INR five crores.
- The paid-up capital is INR four crores, representing a significant commitment from the Indian government, the Sponsor Bank, the State Bank of Hyderabad, and thus the Telangana government to the 50:35:15 ratio.
Products And Services
TGB's business is broad since it offers a wide range of banking services. Its deposit account and loan services include savings accounts, current accounts, home loans, education loans, mortgage loans, and car loans, to name a few. Fixed deposits, recurring deposits, credit cards, and debit cards are among the bank's investment and card services.
TGB's SMS Banking service allows users to receive SMS alerts for any transactions in their accounts on their mobile phones. TGB mobile banking allows customers to access their bank accounts and complete all important transactions using their mobile phones. TGB net banking allows customers to monitor account balances, transfer payments, pay bills online, and recharge mobile phones, among other things.
Account-holders can also contact TGB customer support for rapid resolution of their problems and complaints, as well as answers to their questions. We hope that this article has been useful to anyone who is attempting to figure out: What is the full form of TGB? Candidates will be better prepared for the exam if they are familiar with a brief history and a few key characteristics of the bank, such as those listed above.
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