March 30, 2019

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. 

  • It will come into effect from April 1, 2019. 

Source : The Hindu