| Company type | Regional Rural Bank |
|---|---|
| Industry | Banking |
| Founded | March 25, 2008 |
| Headquarters | , |
Key people | Milind Gharad (Chairman ) |
| Products | Retail banking |
| Owner |
|
| Parent | Ministry of Finance , Government of India. |
| Website | www |
Maharashtra Gramin Bank [1] is an Indian Regional Rural Bank (RRB) or Gramin bank, in the State of Maharashtra with its head office is in Aurangabad. It is one of the 43 Gramin banks in India supported by the government that aim to bring banking services to rural areas. It is under the ownership of Ministry of Finance , Government of India.
As of 31 March 2021 [update] the bank had 413 fully computerised CBS branches. Its branch network is concentrated in seven regions of Maharashtra, namely, Aurangabad, Beed, Latur, Nanded, Hingoli, Parbhani, Thane and Nashik.
Govt of India vide its notification dated 25 March 2008 amalgamated the two RRBs i.e. Aurangabad Jalna Gramin Bank & Thane Gramin Bank into a single RRB named Maharashtra Godavari Gramin Bank.
As per notification issued by Government of India, Ministry of Finance, Department of Financial Services ref no F.No 1/4/2006-RRB(II) dated 20 July 2009, Maharashtra Gramin Bank came into existence on 20 July 2009 after amalgamation of erstwhile Maharashtra Godavari Gramin Bank and Marathawada Gramin Bank. As per Government of India, Ministry of Finance order No. F1/4/2012-RRB, dated 17 July 2014.
The bank was sponsored by Bank of Maharashtra. The share capital of the bank was contributed by Government of India and during the administrative setup of the bank, one CGM and two general managers report to the chairman.
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