The Department of Financial Services, Ministry of Finance, has issued a notification for the amalgamation of Pallavan Grama Bank and Pandyan Grama Bank in Tamil Nadu into a single regional rural bank.
Tamil Nadu Grama Bank:
It will be called as Tamil Nadu Grama Bank with its head office at Salem.
Pallavan Grama Bank is sponsored by Indian Bank and Pandyan Grama Bank by Indian Overseas Bank.
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