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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.
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India's commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs.
Rank Name of the Bank Year of Founding Year of Closing Fate Headquartered in References [1]; 1: The Madras Bank (1683) 1683: 1843: Merged with the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank to form the Bank of Madras in 1843
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Bangiya Gramin Vikash Bank (BGVB) is an Indian Regional Rural Bank established as a Gramin bank in terms of provisions of Regional Rural Banks Act 1976. It is under the ownership of Ministry of Finance , Government of India .
Paschim Banga Gramin Bank [3] is a premier regional rural bank in India. It is under the ownership of Ministry of Finance , Government of India . It was established on 26 February 2007 [ 4 ] in exercise of the powers conferred by Sub-section (1) of Section 23A of the Regional Rural Bank Act, 1976 (21 of 1976).
The bank grew significantly between 2003 and 2007. As of January 2022, the total borrowers of the bank number nearly 9.5 million, and 96.81% of those are women. [8] The number of borrowers has more than tripled since 2003, when the bank had 3.12 million members. [46] Similar growth can be observed in the number of villages covered.
The bank has a network of 284 fully computerised branches and 311 ATMs (Automated teller machine) as on 31 March 2020 [4] covering six states viz. Maharashtra, Gujarat, Madhya Pradesh, Karnataka, Goa and Delhi. From the annual report for financial year 2020–2021, the bank's business is ₹67,042 crores.