The full form of TGB is the Telangana Grameena Bank. One of Telangana’s rural banks, TGB, has an excellent performance in the state’s poorest districts in terms of advances and deposits, profit growth, and NPAs (non-performing assets).
By examining performance metrics such as the total number of bank branches, advances, deposits, lending to development expenditures, financial performance, and NPAs throughout the 10-year period from 2005 to 2014, the current study examines the role of the TGB.
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A brief history of TGB
- On March 24, 2006, the State Bank of Hyderabad, Sri Rama Grameena Bank, Sri Saraswathi Grameena Bank, and Golconda Grameena Bank joined forces to form the TGB, formerly known as (DGB) Deccan Grameena Bank.
- DGB began operations with its central office in Hyderabad and a number of amenities like reduced interest rates and superior credit services.
- The DGB in Telangana State is responsible for five backward districts: Karimnagar, Adilabad, Rangareddy, Nizamabad, and Hyderabad.
- The bank’s approved cash inflows total five crores.
- The paid-up capital is Rs. 4 crore, which represents a significant commitment to the ratio of 50: 35: 15 made by Telangana, the Sponsor Bank, and the Indian government.