Gujarat Gramin Bank

Gujarat Gramin Bank
Native name
ગુજરાત ગ્રામીણ બેંક
Company typeRegional Rural Bank
IndustryFinancial
Regional Rural Banks
Predecessor
  • Baroda Gujarat Gramin Bank
  • Saurashtra Gramin Bank
FoundedMay 1, 2025 (2025-05-01)
Headquarters,
Number of locations
744 Branches
Area served
Gujarat
Key people
Mr. Yogesh Agrawal (Chairman)
Products
Services
OwnerGovernment of India (50%)

Government of Gujarat (15%)

Bank of Baroda (35%)
ParentMinistry of Finance, Government of India
Websitewww.gujaratgb.in

The Gujarat Gramin Bank (Gujarati: ગુજરાત ગ્રામીણ બેંક) is an Indian Regional Rural Bank (RRB) in Gujarat established on 1 May 2025.[1][2] The bank was formed by the amalgamation of Baroda Gujarat Bank and Saurashtra Gramin Bank under The "One State, One RRB"[3] policy of government. It currently has 744 branches in rural areas of Gujarat.

It functions under 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 Regional Rural Banks Act of 1976. By 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 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 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 Regional Rural Banks Act of 1976. By 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 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 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 Regional Rural Banks Act of 1976. By amalgamation, on 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 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 . 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

  1. ^ Govt of India Notification CG-DL-E-07042025-262329 dated 07 April 2025 issued by the Department of Financial Services
  2. ^ "Govt announces 'One State, One RRB' implementation from May 1, 2025". Business Standard. 8 April 2025.
  3. ^ "'One state-one RRB' to be effective from May 1 after govt approves consolidation of 15 regional rural banks". www.livemint.com. 8 April 2025.