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.
See also
- List of banks in India
- Regional rural bank
- Banking in India
- Reserve Bank of India
- Indian Financial System Code
- Make in India
References
- ↑ 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.
- ↑ 'One state-one RRB' to be effective from May 1 after govt approves consolidation of 15 regional rural banks | Mint(8 April 2025).