Chhattisgarh Rajya Gramin Bank
It was October 2, 1975, when the Gramin banks have started in India. Narsimham committee was the basis of the creation and establishment. Economic planners have thought of establishing the Gramin as they strongly believed that it will help in the growth of the rural economy. Several banks sponsored the rural banks which are State Bank of India, United Bank of India, United Commercial Bank and Punjab National Bank. The central government is where the Equities of Gramin bank were divided in a 50:35:15 ratios. There were about 593 districts.
Chhattisgarh Rajya Gramin Bank – छत्तीसगढ़राज्यग्रामीणबैंक was established on June 30, 2006, with the amalgamation of Bastar Kshetriya Gramin Bank, Raigarh Kshetriya Gramin Bank, and Bilaspur-Raipur Kshetriya Gramin Bank based on the guidelines of Regional Rural bank (RRB) Act 1976. CRGB is operating in Chhattisgarh State’s 14 districts, wherein its head office can be found in the capital of Chhattisgarh, Raipur. Chhattisgarh Rajya Gramin BankIFSC Code is SBIN0RRCHGB.
Products and Services
To be able to cater to the demands and needs of its clients, the bank always makes sure that they are giving the best services to its clients. Credit Cards and loans are being offered to help the customers on their financial needs. For financial assistance, there are various types of loans the clients can choose from Educational loan, Car loan, Home loan, and Personal loan. Several types of accounts are also available who has interest in investment and savings.
They also make sure that it will be convenient for its clients to use their banking services. Accounts are accessible through the online website and through the mobile app. With mobile banking, its clients can make any request, monitoring and tracking of their accounts. They can also easily connect to the financial advisor if needed. It is indeed amazing how easy to bank with Chhattisgarh Rajya Gramin.
The Balance Sheet
From 2005 to 2013, the bank’s performance has successfully increased their profit simultaneously. The Profit of Rs 1440 crores has increased to 4048. At the beginning of 2005, due to an amalgamation of the rural banks, Bastar Kshetriya Gramin Bank, Raigarh Kshetriya Gramin Bank, and Bilaspur-Raipur Kshetriya Gramin Bank, the profit of the bank is actually low. However, in the year 2009, the profit finally increased. The succeeding year has become great as the bank were able to maintain its peak. They were able to strive higher and higher and maintain its position in the industry.