Narmada Jhabua Gramin Bank

(A joint venture of Government of India, M P Government and Bank of India)
:Mr Kollegal V Raghavendra
Mr Kollegal V Raghavendra
Mr Kollegal V Raghavendra
Mr Kollegal V Raghavendra

Company Profile

  • Deposit Rs 4783.93 Crore
  • Advances Rs 4207.92 Crore
  • Total business Rs 8991.85 Crore
  • Gross NPA of our Bank is 2.75 per cent and net NPA is 1.63 per cent
  • CD Ratio 87.85 per cent

Products and Services
Narmada Jhabua Gramin Bank was established under the RRB Act and sponsored by Bank of India, provides all types of deposit and credit products. The bank works on the CBS platform and also provides RTGS, NEFT and internet banking facilities. Bank’s ATM Cards are interoperable on all banks ATMs

Target Verticals

  • Providing IT enabled services at door step level in unbanked area through KIOSK, Micro ATM/POS
  • To create awareness among farmers and guide them in order to increase their farm income through innovative farm practices

Digital Edge/Power of Brand
Our presence in remote place of area of operation of our bank and excellent customer service is the strength of our bank

Strategies and Initiatives
We are providing banking services to weaker section of the society to improve their economic strength. Our bank is proactively participating in government sponsored schemes like Mukhya Mantri Awas Yojna, Mukhya Mantri Yuva Swarojgar Yojna, PMEGB and NRLM among others. We have taken several initiatives in the last three years for effective implementation of poverty alleviation programmes. We have been implementing various government sponsored schemes with a new zeal as a result of which we are able to maintain good quality of assets financed under the various schemes. We have over 40,000 SHG groups, of which around 13,000 groups are credit linked. The Narmada Jhabua Gramin Bank is a leader in implementing all social security schemes. The Bank has received five National/State Level awards during the last two years for the contribution we have made in the FI sector and implementation of various livelihood schemes.

Narmada Jhabua Gramin Bank has been conferred with Inclusive Finance India Award, 2014 and Skoch Financial Inclusion and Deepening Award, 2015. The bank had also bagged an award by Elets Financial Inclusion and Payment Systems, 2015 on December 3, 2015 at Hotel Le Meridian in New Delhi. Shield and Prashasti Patra given by MP Government for our NRLM initiatives. Recently on 12th April, 2016, Bank has been awarded for highest Registration in APY among all RRB’s.


Narmada Jhabua Gramin Bank
Mobile: +91-9425912670
Narmada Jhabua Gramin Bank, 2nd
floor, Near 56 shops, New Palasia,
Indore, Madhya Pradesh – 452001
Year of Inception: November 1, 2012
Number of Employee: 1,525
Management Team: 28
Same as mentioned above
Contact person for Query
Rakesh Khandelwal
Marketing Manager
Generic Email:
Mobile: +91-9425911909

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