Central Bank of India — Important, 08-04-2025: General Updates

The Central Government has approved the amalgamation of multiple Regional Rural Banks into single entities in various states, effective May 1, 2025.

1. **Bihar Gramin Bank** will result from the merger of Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank, sponsored by Punjab National Bank. The transferee bank will have an authorized capital of ₹2000 crore, fully owned by the Central and State Governments.

2. **West Bengal Gramin Bank** will combine Uttarbanga Kshetriya Gramin Bank, Bangiya Gramin Vikash Bank, and Paschim Banga Gramin Bank, also led by Punjab National Bank. This bank will have the same authorized capital structure.

3. **Andhra Pradesh Grameena Bank** will be formed from Chaitanya Godavari Grameena Bank, Andhra Pragathi Grameena Bank, Saptagiri Grameena Bank, and Andhra Pradesh Grameena Vikas Bank, under the sponsorship of Union Bank of India, with similar financial structures.

4. **Jammu and Kashmir Grameen Bank** will be created from J & K Grameen Bank and Ellaquai Dehati Bank, with its headquarters in Jammu.

5. **Gujarat Gramin Bank** will merge Baroda Gujarat Gramin Bank and Saurashtra Gramin Bank, sponsored by Bank of Baroda.

6. **Karnataka Grameena Bank** will emerge from Karnataka Vikas Grameena Bank and Karnataka Gramin Bank, under Canara Bank's sponsorship.

7. **Madhya Pradesh Gramin Bank** will result from merging Madhya Pradesh Gramin Bank and Madhyanchal Gramin Bank.

8. **Maharashtra Gramin Bank** will be formed from Maharashtra Gramin Bank and Vidharbha Konkan Gramin Bank.

9. **Odisha Grameen Bank** will merge Odisha Gramya Bank and Utkal Grameen Bank.

10. **Rajasthan Gramin Bank** will come from the amalgamation of Rajasthan Marudhara Gramin Bank and Baroda Rajasthan Kshetriya Gramin Bank.

11. **Uttar Pradesh Gramin Bank** will merge Baroda U.P. Bank, Aryavart Bank, and Prathama U.P. Gramin Bank.

Each new entity will inherit all assets, liabilities, and employee services from their predecessors, enhancing operational efficiency and public interest development in the respective regions. Investors should monitor developments closely, as these changes may impact market positions and growth trajectories in the respective states.