Madhya Pradesh Gramin Bank
Native name | मध्य प्रदेश ग्रामीण बैंक |
|---|---|
| Company type | Regional Rural Bank |
| Industry | Financial Regional Rural Banks |
| Predecessor | Madhya Pradesh Gramin Bank, Madhyanchal Gramin Bank |
| Founded | May 1, 2025 |
| Headquarters | Indore Madhya Pradesh, India |
Number of locations | 1320 Branches |
Area served | Madhya Pradesh |
| Services | |
| Owner | Government of India (50%)
Government of Madhya Pradesh (15%) Bank of India (35%) |
| Parent | Ministry of Finance, Government of India |
| Website | mpgb |
The Madhya Pradesh Gramin Bank is an Indian Regional Rural Bank (RRB) in Madhya Pradesh established on 1 May 2025.[1] [2] The bank was formed by the amalgamation of two rural banks in the state of Madhya Pradesh in central India namely Madhya Pradesh Gramin Bank and Madhyanchal Grameen Bank, sponsored by Bank of India, State Bank of India under The "One State, One RRB"[3] policy of government. It currently has 1320 branches in rural areas of Madhya Pradesh. It functions under Regional Rural Banks' Act 1976 and is sponsored by Bank of India.
Madhya Pradesh Gramin Bank
[edit]Madhya Pradesh Gramin Bank (MPGB) was a regional rural bank in India, operating in Madhya Pradesh. It was formed by merging two existing regional rural banks, Narmada Jhaubua Grameen Bank and Central Madhya Pradesh Gramin Bank, on April 1, 2019 and was sponsored by Bank of India.
Madhyanchal Gramin Bank
[edit]Madhyanchal Gramin Bank was a regional rural bank in India. It was under the ownership of Ministry of Finance, Government of India. It was formed by merging three rural banks in the state of Madhya Pradesh in central India namely Madhya Bharat Bank, Sharda Grameen Bank, Rewa Sidhi Grameen Bank, sponsored by State Bank of India, Allahabad Bank and Union Bank of India. Its headquarters was in Saugor. Its sponsor was State Bank of India. Madhyanchal Gramin Bank had presence over 15 districts in Madhya Pradesh. There are 454 branches and 7 regional offices.
See also
[edit]
- List of banks in India
- Regional rural bank
- Banking in India
- Reserve Bank of India
- Indian Financial System Code
- Make in India
References
[edit]- ^ Govt of India Notification CG-DL-E-07042025-262329 dated 07 April 2025 issued by the Department of Financial Services
- ^ "Govt announces 'One State, One RRB' implementation from May 1, 2025".
- ^ Livemint (8 April 2025). "'One state-one RRB' to be effective from May 1 after govt approves consolidation of 15 regional rural banks | Mint". mint.
External links
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