Madhya Pradesh Gramin Bank

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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;7 months ago (2025-05-01)
Headquarters Indore Madhya Pradesh, India
Number of locations
1320 Branches
Area served
 Madhya Pradesh
Key people
Shri Ramesh Chandra Behera (Chairman)
Services
Owner Government of India (50%)

Government of Madhya Pradesh (15%)

Bank of India (35%)
Parent Ministry of Finance, Government of India
Website mpgb.bank.in

The Madhya Pradesh Gramin Bank (MPGB) 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.

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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.



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