P N B merges RRB's in Bihar

Kolkata, Mar 10 (UNI) Four Regional Rural Banks(RRBs), sponsored by Punjab National Bank in Bihar,have been amalgamated into a single Regional Rural Bank in the name of Madhya Bihar Gramin Bank with its Head Office at Patna.

These four amalgamated RRBs are Bhojpur Rohtas Gramin Bank, Magadh Gramin Bank, Nalanda Gramin Bank and Patliputra Gramin Banks have altogether 407 branches in 11 districts of Bihar.

With this amalgamation, the total number of PNB sponsored RRBs has come down to nine in six states.These are Madhya Bihar Gramin bank Patna,Haryana Gramin bank Rohtak, Himachal Gramin bank Mandi, Punjab gramin bank Kapurthala, Rajasthan Gramin bank Alwar, Uttar Pradesh gramin bank Meerut, Devi Patan Kshetriya gramin bank Gonda, Rani Laxmibai Kshetriya gramin bank Jhansi and Kisan gramin bank Badaun.

With this all the amalgamation proposals initiated by PNB stands implemented,PNB sources here today said adding the process of amalgamation had also gone on smoothly.

UNI ABA PL DB1733