Maharashtra Gramin Bank is an

Indian Indian or Indians may refer to: Peoples South Asia * Indian people, people of Indian nationality, or people who have an Indian ancestor ** Non-resident Indian, a citizen of India who has temporarily emigrated to another country * South Asia ...

Regional Rural Bank Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance , Government of India. They were creat ...

(RRB) or

Gramin bank Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance , Government of India. They were creat ...

, in the State of

Maharashtra Maharashtra (; , abbr. MH or Maha) is a states and union territories of India, state in the western India, western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the List of states and union te ...

with its head office is in

Aurangabad Aurangabad ( is a city in the Indian state of Maharashtra. It is the administrative headquarters of Aurangabad district and is the largest city in the Marathwada region. Located on a hilly upland terrain in the Deccan Traps, Aurangabad is th ...

. 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 Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different ...

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Eco ...

Government of India The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, c ...

. the bank had 413 fully computerised CBS

branches A branch, sometimes called a ramus in botany, is a woody structural member connected to the central trunk of a tree (or sometimes a shrub). Large branches are known as boughs and small branches are known as twigs. The term ''twig'' usually ...

. Its branch network is concentrated in seven regions of Maharashtra, namely,

Beed Beed (Marathi pronunciation: iːɖ is a city in Marathwada region of Maharashtra state in India. It is the administrative headquarters in Beed district. History Beed is a historical city of possibly medieval origin. Its early history is ob ...

Latur Latur(लातूर) is a city in Indian state of Maharashtra, and is one of the largest cities of the Marathwada region. It is the administrative headquarters of Latur district and Latur Taluka. The city is a tourist hub surrounded by many ...

Nanded Nanded is a city in Maharashtra state, India. It is the tenth largest city in the state and the seventy-ninth most populous city in India. It is the second largest city in Marathwada region. It is the district headquarters of Nanded distric ...

, Hingoli,

Parbhani Parbhani (, IPA ) is a city in Maharashtra state of India. It is the administrative headquarters of Parbhani District. Parbhani is one of the largest cities in Marathwada region. Parbhani is around away from regional headquarters of Aurangaba ...

Thane Thane (; also known as Thana, the official name until 1996) is a metropolitan city in Maharashtra, India. It is situated in the north-eastern portion of the Salsette Island. Thane city is entirely within Thane taluka, one of the seven talukas ...

and

Nashik Nashik (, Marathi: aːʃik, also called as Nasik ) is a city in the northern region of the Indian state of Maharashtra. Situated on the banks of river Godavari, Nashik is the third largest city in Maharashtra, after Mumbai and Pune. Nashik ...

History

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 Bank of Maharashtra is an Indian public sector bank headquartered in Pune. The bank had 29 million customers across the country with 2022 branches as of March 2022. It has the largest network of branches of any nationalised bank in the state ...

. The share capital of the bank was contributed by

and during the administrative setup of the bank, one CGM and two general managers report to the chairman.

Board of directors

*Milind Gharad ,Chairman * * * Shri M.K.Moon AGM, Financial inclusion RBI Mumbai * AGM, Rural Planning & Credit Department, Reserve Bank of India, Regional Office, Mumbai * Dr. Ushamani P DGM, National Bank for Agriculture & Rural Development, Maharashtra Regional Office, Pune * Shri A.M.More AGM, Agriculture & Rural Development, Bank Of Maharastra,Head office Pune * Shri A.B.Thorat Zonal Manager, Bank of Maharashtra Aurangabad Zone * Shri Shivanand Taksale I.A.S, Additional Commissioner, Aurangabad * Additional Commissioner, Nasik

References

{{reflist Regional rural banks of India Banks based in Maharashtra 2008 establishments in Maharashtra Indian companies established in 2008 Banks established in 2008

History

Board of directors

See also

References