Maharashtra Gramin Bank - Wikipedia

Maharashtra Gramin Bank

Maharashtra Gramin Bank[1] is an Indian Regional Rural Bank (RRB) or Gramin bank, in the State of Maharashtra with its head office is in Aurangabad. It is one 43 Gramin banks in India supported by the government that aim to bring banking services to rural areas.

Maharashtra Gramin Bank
TypePublic company
FoundedMarch 25, 2008 (2008 -03-25)
Key people
M A Kabra (Chairman )
ProductsRetail banking

As of 31 March 2016 the bank had 391 fully computerised CBS branches. Its branch network is concentrated in seven regions of Maharashtra, namely, Aurangabad, Beed, Latur, Nanded, Parbhani, Thane and Nashik.


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. The share capital of the bank was contributed by Government of India and during the administrative setup of the bank, one CGM and two general managers report to the chairman.

Board of directorsEdit

  • M A Kabra, Chairman[2]
  • Sanjay Ingale
  • Vasant S. Munde Non official director appointed by Govt of India, parli vajinath. Dist Beed.
  • R. W. Salunke AGM,Rural Planning & Credit Department,Reserve Bank of India, Regional Office, Mumbai
  • L. B. Jadhav DGM, National Bank for Agriculture & Rural Development, Maharashtra Regional Office, Pune
  • P.M. Karne AGM, Agriculture & Rural Development, Bank Of Maharashtra, HO Pune
  • D. D. Mondhe Zonal Manager, Bank of Maharashtra Latur Zone
  • R.G.Kulkarni I.A.S, Additional Commissioner, Nasik
  • Kisanrao Lawande, Additional Commissioner, Aurangabad

See alsoEdit


  1. ^ "MGB Website".
  2. ^ "MGB Board".