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"Vananchal Gramin Bank (VGB) is a Regional Rural Bank established in terms of provisions of Regional Rural Banks Act 1976 & is sponsored by State Bank of India"

“VGB has been established on 30.06.2006 with the amalgamation of erstwhile Santhal Parganas Gramin Bank and erstwhile Palamau Kshetriya Gramin Bank in terms of provisions of RRBs Act 1976. This bank is sponsored by State Bank of India & Owned by Govt. of India, Govt. of Jharkhand and State Bank of India . The shareholders of the Bank are Govt. of India (50%), State Bank of India (35%) and Govt. of Jharkhand (15 %). The Bank is operating in 9 districts of Jharkhand State with its Head Office at Dumka (sub-capital of Jharkhand State ). It has four Regional Offices functioning at Deoghar, Godda, Daltonganj and Garhwa. Districts & no. of branches covered by these Regional Offices are as under:-

   

Regional Office

Headquarter

Concerned Districts

Total No. of branches

I

Deoghar

Deoghar,  Dumka & jamtara

68

II

Godda

Godda,  Pakur &  Sahebganj

52

III

Daltonganj

Palamau

44

IV

Garhwa

Garhwa &  Latehar

37

Dumka, Deoghar, Godda, Jamtara, Pakur & Sahebganj 
Palamu, Garhwa & Latehar
(OUR BRANCHES FUNCTIONING IN THESE DISTRICTs)