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The bank made a profit of Rs 14.42 Crore in the year 2013–14. [2] The bank had a CD ratio of 59.5% at the time of amalgamation. In 2015, Odisha Gramya Bank came third in the ranking of all banks in Odisha on Financial Inclusion parameters, with a score of 67 out of 100, becoming eligible to handle Government business including State PSU deposits.
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The bank made a profit of Rs 9.01 Crore in the year 2011–12. [4] The bank had a credit-deposit ratio of 59.5% at the time of amalgamation. In 2015, Utkal Grameen Bank came First in the ranking of all banks in Odisha on Financial Inclusion parameters, with a score of 75 out of 100, becoming the best bank to handle Government business in the State.
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Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India.
It has a police station, Tahsildar office, block offices, post office, and forest office. There are also a number of banks, including branches of the Bank of India, State Bank of India, Bandhan Bank, Mayurbhanj central co-operative bank, and the Odisha Gramya Bank. Local schools include a government high school, a girls' high school, and Ananda ...
Kanungo was involved in the multi-crore Odisha Gramya Bank gold loan scam. [9] With the help of close associates and corrupt bank officials, he defrauded the bank of Rs 130 million in March 2013 by pledging fake aluminium jewellery as "gold" mortgage. [10] His modus operandi was similar to that of Harshad Mehta of the 1992 Mumbai stock market scam.
A review of the RRBs in August 2009 by the Union Finance Minister revealed that a large number of RRBs had a low Capital to Risk weighted Assets Ratio (CRAR). A committee was constituted in September 2009 under the chairmanship of K C Chakrabarty, [4] the deputy governor of the Reserve Bank of India (RBI) to analyse the financials of the RRBs and suggest measures, including re-capitalisation ...