About Us

Madhyanchal Gramin Bank as been established by merging Madhya Bharat Gramin Bank Head Office Sagar (M.P.) (Sponsor Bank State Bank of India), Rewa-Sidhi Gramin Bank Head Office Rewa (M.P.) (Sponsor Bank Union Bank of India) and Sharda Gramin Bank Head Office Satna (M.P.) (Sponsor Bank Allahabad Bank) established under the Regional Rural Bank Act 1976 (23rd of 1976) by the notification published by the Financial Services Division of the Ministry of Finance in the Extraordinary Gazette II Section 3 Sub Section (ii) of the Gazette of India dated 01.11.2012. Earlier also, in the same manner, three rural banks sponsored by State Bank of India, namely Damoh-Panna-Sagar Regional Rural Bank, Shivpuri-Guna Regional Rural Bank and Bundelkhand Gramin Bank were merged on 30.06.2006 to form Madhya Bharat Gramin Bank. The head office of Madhyanchal Gramin Bank is located in Sagar (MP). Madhyanchal Gramin Bank is sponsored by State Bank of India. Government of India has 50% share in the capital of the bank, sponsor bank State Bank of India has 35% share and Madhya Pradesh government has 15% share. Thirteen districts of Madhya Pradesh namely Damoh, Sagar, Shivpuri, Guna, Ashoknagar, Tikamgarh, Chhatarpur, Panna, Satna, Rewa, Sidhi, Singrauli and Niwari are the jurisdiction of Madhyanchal Gramin Bank.