Bank Profile

MGB Profile

Maharashtra Gramin Bank (MGB) is a Regional Rural Bank operating across Maharashtra with extensive outreach in Rural, Semi Urban & Urban areas. Despite being an RRB, the Bank offers a wide range of services comparable to those provided by Public Sector and Private Sector Banks. Its primary objective is to support the overall economic development and upliftment of the people of Maharashtra by extending financial assistance to key sectors such as agriculture, micro, small and medium enterprises, education, housing, micro-credit, and weaker sections. Today, the Bank has a strong presence across Maharashtra, with over 759 branches, 13 regional offices, and its Head Office located at Chhatrapati Sambhajinagar, serving more than 1 crore satisfied customers.

History

As per the instructions from the Ministry of Finance, Government of India; the 'One State, One Regional Rural Bank' policy is implemented across the country. In the state of Maharashtra, erstwhile Maharashtra Gramin Bank (Sponsor Bank: Bank of Maharashtra) and erstwhile Vidarbha Konkan Gramin Bank (Sponsor Bank: Bank of India) amalgamated and a new entity in the name of ‘Maharashtra Gramin Bank’ has been formed with effect from 01.05.2025.

With this amalgamation, the service area of ‘Maharashtra Gramin Bank’ is now expanded across the state of Maharashtra. The Head Office of the new amalgamated entity is at Chhatrapati Sambhajinagar & the sponsor bank of new amalgamated entity is ‘Bank of Maharashtra’.

Our Mission

• To provide inclusive and customer-focused banking services across rural and semi-urban areas of Maharashtra.
• To leverage digital technology to deliver simple, secure and speedy banking solutions.
• To extend need-based financial support to agriculture, MSMEs, self-employment and women empowerment initiatives.
• To enhance financial literacy and inclusion by connecting every household with the formal banking system.
• To achieve sustainable and balanced growth built on transparency, efficiency and trust.
• To strategically strengthen and expand our retail and personal loan portfolio to meet the evolving financial needs of individuals and households, while ensuring responsible lending & asset quality.

Our Vision

To emerge as a strong, trusted and customer-centric rural bank delivering modern, digital and comprehensive banking services to every citizen of Maharashtra, thereby effectively contributing to the State’s economic and social development.