Madhya Pradesh Gramin Bank

Last updated

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
FoundedMay 1, 2025;4 months ago (2025-05-01)
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.co.in

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.

Contents

Madhya Pradesh Gramin Bank

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

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.

RRB logo used since August 01, 2025 RRB LOGO new.png
RRB logo used since August 01, 2025

The identity boasts symmetry, stability and craftsmanship.

Key elements include

Key elements.png

The Regional Rural Bank logo selection process involved a public poll conducted by NABARD in June 2025 to choose a new, common logo for the amalgamated Regional Rural Banks in India, a initiative aimed at creating a unified brand identity for rural banking after the amalgamation of several RRBs. the poll allowed participants to vote on six logo concepts and nine design variations. The initiative was called OneRRBOneLogo reflecting the vision of having a single identity for the RRBs.

See also


References

  1. ↑ Govt of India Notification CG-DL-E-07042025-262329 dated 07 April 2025 issued by the Department of Financial Services
  2. ↑ "Govt announces 'One State, One RRB' implementation from May 1, 2025".
  3. ↑ 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.



This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.