Founded 2009 | ||
Maharashtra gramin bank
The RRB were established in India under RRB Act 1976[23(1)]. There are total 56 Gramin(RRB's) Banks in India. Maharashtra Gramin bank is one of them. Maharashtra Gramin Bank is a Regional Rural Bank, in the State of Maharashtra, India. Govt of India vide its notification dated 25.03.2008 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 20th 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 17.07.2014. The bank's head office is in Aurangabad. The Bank is sponsored by Bank of Maharashtra. The share capital of the Bank is contributed by Government of India.
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The bank has 391 fully computerised CBS branches as on 31 March 2016. Its branch network is concentrated in six regions of Maharashtra, namely, Aurangabad, Beed, Latur, Nanded, Parbhani and Thane. In the administrative set up of the bank, one CGM and two General Managers report to the Chairmain.