Chhattisgarh Rajya Gramin Bank

What Chhattisgarh Rajya Gramin Bank does

Chhattisgarh Rajya Gramin Bank (CGB) is a scheduled Regional Rural Bank (RRB) sponsored by State Bank of India and operating exclusively within the state of Chhattisgarh, India. Incorporated on 2 October 1975 under the Regional Rural Banks Act, 1976, the bank is jointly owned by the Central Government, the Government of Chhattisgarh, and sponsoring bank SBI, with the Registrar of Companies and NABARD (as nodal agency) overseeing administration and the Reserve Bank of India providing prudential regulation. CGB serves rural and semi-urban populations of Chhattisgarh — primarily farmers, micro and small enterprises, government pensioners, and mass-retail depositors — through a state-wide branch network, Business Correspondents (BCs) for last-mile banking, Aadhaar Enrollment Centres, and a customer-supported ATM network. The corporate office is located at Sector 24, Atal Nagar, Naya Raipur. All customer deposits up to RBI-prescribed limits are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC).

CGB's product stack spans deposit instruments (savings, term deposits, pension-linked accounts), loan products including Kisan Credit Cards and MSME lending, and government-mandated services such as National Pension System (NPS) registration and pension disbursement. The bank's digital surface includes Internet Banking, the M-Tej mobile banking application, DISA CGB (an online self-service account opening platform), Positive Pay cheque-fraud verification, and a Bharat Aadhaar Seeding Enabler, with integration into the Jansamarth government loan portal and RuPay/NPCI card infrastructure. Distribution and onboarding are delivered via physical branches, BC-led doorstep banking in unbanked villages, and digital channels supported by a toll-free customer-care line.

The bank's revenue model is anchored in Net Interest Margin on agricultural, retail and small-business lending; fee and commission income from deposit services, remittances and digital transactions; and government-pension-disbursement volumes routed through it. As an RRB, CGB operates under interest-rate and priority-sector norms set by RBI and NABARD, leaving no independent product-pricing flexibility. The bank marked its 50th anniversary on 2 October 2025, during which it inaugurated a new Corporate Office and rolled out incremental digital capabilities. Future-state compliance items include the Multiple NAVs Framework (Mutual Funds) scheduled to take effect on 01.04.2026.

Name

Chhattisgarh Rajya Gramin Bank

Legal name

Chhattisgarh Rajya Gramin Bank

Website

https://cgbank.in

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

101–250 employees

Short description

Chhattisgarh Rajya Gramin Bank is a Regional Rural Bank sponsored by State Bank of India, providing deposits, agricultural and MSME loans, pension disbursement, and digital banking services to rural, semi-urban, and government-pensioner customers across Chhattisgarh state.

Ownership category

akta.pro rank

Product category

Rural Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

Functions Related To Depository Banking, Nec (6099), State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Rural banking services
• Agricultural lending
• Financial inclusion
• Deposit products
• Government banking

Headquarters

HQ city

Naya Raipur

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income from Loans: Primary revenue stream from agricultural loans, personal loans, and other credit products extended to rural customers
2. Deposit Operations: Acceptance of savings deposits, term deposits, and current accounts from customers
3. Fee and Commission Income: Income from service charges, transaction fees, ATM usage fees, and other banking service charges
4. Government Banking Services: Pension disbursement services for government employees, including regular pension and family pension

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels4 records

Core offering

Chhattisgarh Rajya Gramin Bank is a scheduled Regional Rural Bank that provides retail banking products including savings accounts, term deposits, recurring deposits, agricultural and personal loans, Kisan Credit Cards, pension disbursement, Jan Suraksha insurance, and NPS registration services. It serves rural and semi-urban customers in Chhattisgarh through a branch network, Business Correspondents, Aadhaar Enrollment Centres, ATMs, and digital channels (Internet Banking, Mobile Banking M-Tej, DISA CGB online account opening, and Positive Pay cheque verification).

Product overview

Chhattisgarh Rajya Gramin Bank (CGB) is a scheduled regional rural bank sponsored by State Bank of India, offering a comprehensive suite of banking products and services. The bank's portfolio comprises core deposit and loan products alongside an expanding digital banking suite. Digital services include Mobile Banking (M-Tej), Internet Banking, DISA CGB for online account opening, and Positive Pay for cheque fraud prevention. The bank also provides access to government services including NPS (National Pension System) registration and Jansamarth portal integration. CGB serves rural and semi-urban customers across Chhattisgarh through branches, ATMs, Business Correspondents, and digital channels.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Bank celebrated 50 years of Regional Rural Banking in India on 2 October 2025

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Deposit Insurance and Credit Guarantee Corporation (DICGC)coreOthersCGB is a scheduled bank registered with DICGC, providing deposit insurance coverage to customers. All deposits are insured up to the limit prescribed by RBI.
• National Pension System (NPS)minorChannel Partner/ Reseller/ DistributorCGB provides NPS registration services through its branches, enabling customers to open pension accounts under the government-sponsored pension scheme.
• JansamarthminorChannel Partner/ Reseller/ DistributorCGB participates in the Jansamarth portal, a government initiative for credit delivery to eligible beneficiaries.
• National Centre for Financial Education (NCFE)minorOthersCGB participates in e-LMS (e-Learning Management System) offered by NCFE for financial education and literacy programs.
• Reserve Bank of India (RBI)coreOthersAs a scheduled bank and Regional Rural Bank, CGB is regulated by RBI which sets guidelines for interest rates, lending norms, and operational standards.
• NABARDcoreOthersNABARD is the nodal agency for Regional Rural Banks. It provides refinance support, development finance, and regulatory oversight for RRBs like CGB.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Others

• NABARD: NABARD is the nodal agency for all RRBs in India, including CGB. While not a competitor, NABARD shapes CGB's operating environment through refinance, development finance, and regulatory oversight — making it the most important ecosystem participant for any RRB peer comparison.

Broad incumbents

• State Bank of India: SBI is the sponsor bank for CGB and India's largest commercial bank. While SBI operates nationally across all segments, it shares the institutional and regulatory ecosystem with CGB and provides governance, IT, and best-practice support to RRBs like CGB.

Direct peers

• Madhya Pradesh Gramin Bank: MPGB is a Regional Rural Bank serving rural Madhya Pradesh, directly comparable to CGB in mandate, structure, and product mix. Both are government-sponsored RRBs offering deposits, agricultural credit, and digital banking to underserved rural populations.
• Andhra Pradesh Grameena Vikas Bank: APGVB is a Regional Rural Bank sponsored by SBI serving rural Andhra Pradesh. Directly comparable to CGB in governance structure (SBI sponsorship), mandate, and target customer base.
• Bihar Gramin Bank: Bihar Gramin Bank (formerly Dakshin Bihar Gramin Bank) is a Regional Rural Bank serving rural Bihar with a similar product suite of deposits, agricultural loans, and digital banking channels — making it a direct functional peer to CGB.
• Uttar Pradesh Gramin Bank: UPGB is one of India's largest RRBs serving rural Uttar Pradesh. Comparable to CGB in operating model (deposit-taking, agricultural lending, BC-led distribution) but at significantly larger scale, making it a useful sizing benchmark.

Emerging players

• Equitas Small Finance Bank: Equitas SFB serves small businesses, microfinance borrowers, and underserved segments with deposit and lending products. It competes with CGB for similar rural and semi-urban customers but with commercial-bank agility and digital differentiation.
• Ujjivan Small Finance Bank: Ujjivan is a Small Finance Bank targeting underserved and rural customers with deposits and small-ticket loans. Comparable to CGB in customer base and financial-inclusion mandate, but operates as a regulated commercial bank with greater pricing flexibility.
• AU Small Finance Bank: AU SFB is a Small Finance Bank with strong rural and semi-urban presence across India, offering deposits, vehicle finance, and small business loans. Comparable to CGB in customer segments but with greater product breadth and digital capabilities.

Regional players

• Chhattisgarh State Cooperative Bank: The Chhattisgarh State Cooperative Bank is a state-level cooperative bank operating in the same geography as CGB, serving rural and agricultural customers with similar deposit and loan products. It is a regional competitor for the same financial-inclusion mandate.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/chhattisgarh-rajya-gramin-bank

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chhattisgarh Rajya Gramin Bank