Gujarat Gramin Bank
Native name | ગુજરાત ગ્રામીણ બેંક |
|---|---|
| Regional Rural Bank | |
| ISIN | 🆔 |
| Industry | Financial Regional Rural Banks |
| Predecessor |
|
| Founded 📆 | May 1, 2025 |
| Founder 👔 | |
| Headquarters 🏙️ | , , |
Number of locations | 744 Branches |
Area served 🗺️ | Gujarat |
Key people | Mr. Yogesh Agrawal (Chairman) |
| Products 📟 | |
| Services | |
| Owner | Government of India (50%)
Government of Gujarat (15%) Bank of Baroda (35%) |
| Members | |
Number of employees | |
| Parent | Ministry of Finance, Government of India |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
The Gujarat Gramin Bank[1] (Script error: The function "langx" does not exist.) is an Indian Regional Rural Bank (RRB) in Gujarat established on 1 May 2025.[2][3] The bank was formed by the amalgamation of Baroda Gujarat Gramin Bank and Saurashtra Gramin Bank under the "One State, One RRB"[4] policy of the government. It currently has 744 branches in rural areas of Gujarat.
It functions under the Regional Rural Banks Act, 1976 and is sponsored by Bank of Baroda.
History
As part of the restructuring process initiated in 2005, RRBs sponsored by the same banks were amalgamated to improve operational efficiency and service delivery.
Baroda Gujarat Gramin Bank
Baroda Gujarat Gramin Bank was an Indian Regional Rural Bank headquartered in Vadodara, India. It was established in 2006 as a Regional Rural Bank as per the Regional Rural Banks Act of 1976 by the amalgamation, on 31 March 2006, of the following 3 banks: Panchmahal Vadodara Gramin Bank, Surat Bharuch Gramin Bank and Valsad Dang Gramin Bank, sponsored by Bank of Baroda, to participate more energetically in the upliftment and development of the Rural Farm Sector and Rural Non-Farm Sector, with emphasis on the deprived, the Rural Poor, Rural ISB and Rural Crafts. It was under the ownership of the Ministry of Finance, Government of India.
Dena Gujarat Gramin Bank
Dena Gujarat Gramin Bank was an Indian Regional Rural Bank headquartered in Gandhidham, India. It was established in 2006 as a Regional Rural Bank as per the Regional Rural Banks Act of 1976 by the amalgamation, on 31 March 2006, of the following 3 banks: Banaskantha Mehsana Gramin Bank, Kutch Gramin Bank and Sabarkantha Gandhinagar Gramin Bank, sponsored by Dena Bank. It was under the ownership of the Ministry of Finance, Government of India.
- On 22 February 2019, through Gazette Notification No. 855, the Government of India announced the amalgamation of Baroda Gujarat Gramin Bank and Dena Gujarat Gramin Bank, effective from 1 April 2019. The merged entity continued under the name Baroda Gujarat Gramin Bank sponsored by Bank of Baroda.
Saurashtra Gramin Bank
Saurashtra Gramin Bank was an Indian Regional Rural Bank headquartered in Rajkot, Gujarat, India. It was established in 2006 as a Regional Rural Bank as per the Regional Rural Banks Act of 1976 by the amalgamation, in March 2006, of the following 3 banks: Junagadh Amreli Gramin Bank, Surendranagar Bhavnagar Gramin Bank and Jamnagar Rajkot Gramin Bank, sponsored by State Bank of Saurashtra, now State Bank of India. It was under the ownership of the Ministry of Finance, Government of India.
According to Gazette Notification No. CG-DL-E-07042025-262329, dated 7 April 2025, the Government of India has amalgamated Baroda Gujarat Gramin Bank sponsored by Bank of Baroda and Saurashtra Gramin Bank sponsored by State Bank of India into a single Regional Rural Bank named Gujarat Gramin Bank. This new entity is sponsored by Bank of Baroda, and its head office is located in Vadodara. The merger is effective from 1 May 2025 and aims to unify rural banking operations across Gujarat for better outreach and governance.
See also
References
- ↑ DeshGujarat (8 April 2025). "Gujarat Gramin Bank to come up through merger of Baroda Gujarat Gramin Bank and Saurashtra Gramin Bank; DeshGujarat". DeshGujarat.
- ↑ 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". Business Standard. 2025-04-08.
- ↑ 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.
External links
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