Uttar Bihar Gramin Bank merged with which bank and when UBGB Merger details

Looking for the history of Uttar Bihar Gramin Bank merged with which bank and when, but not getting much info, don't worry here we will all the details. There are a lot of people, who don't know about the history of Uttar Bihar Gramin Bank.

So here we will all the details about it merger with other banks or which banks were merged with UBGB Bank in the past and when.

Since its founding, Uttar Bihar Gramin Bank (UBGB), which serves northern Bihar, has experienced a number of notable changes. This Regional Rural Bank's (RRB) path through mergers and consolidations is indicative of its dedication to offering improved banking services to Bihar's rural populace.

This is a thorough look at the history of UBGB and the major mergers that influenced its current configuration.

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First Amalgamation

A significant initial step toward the establishment of UBGB was the combination of seven Regional Rural Banks (RRBs). The banks listed below amalgamated to establish Uttar Bihar Kshetriya Gramin Bank (UBKGB) on March 1, 2006:

1. Mithila Kshetriya Gramin Bank
2. Madhubani Kshetriya Gramin Bank
3. Champaran Kshetriya Gramin Bank
4. Vaishali Kshetriya Gramin Bank
5. Saran Kshetriya Gramin Bank
6. Gopalganj Kshetriya Gramin Bank
7. Siwan Kshetriya Gramin Bank

Phase Two of Amalgamation

On May 1, 2008, Kosi Kshetriya Gramin Bank (KKGB) and UBKGB amalgamated in the ensuing phase. The current Uttar Bihar Gramin Bank was established as a result of this merger (UBGB).

Headquarters and Sponsorship

The Central Bank of India sponsors UBGB, demonstrating a solid collaboration focused at improving rural banking services. Muzaffarpur, the bank's strategic position, enables it to efficiently service a significant chunk of North Bihar.

Branch Network and Regional Presence

UBGB boasts an extensive network comprising 1,027 branches, categorized as follows:

• 635 Rural Branches
• 348 Semi-Urban Branches
• 44 Urban Branches

UBGB runs 3,340 Business Correspondent (BC) outlets, sometimes referred to as Sunahara Sapna Kendras, in addition to its branches. In order to ensure financial inclusion throughout North Bihar's 18 districts, these locations are essential for providing banking services to isolated areas:

1. Araria
2. Madhepura
3. Supaul
4. Saharsa
5. Kishanganj
6. Katihar
7. Purnea
8. Madhubani
9. Darbhanga
10. Sitamarhi
11. Muzaffarpur
12. Vaishali
13. East Champaran
14. West Champaran
15. Gopalganj
16. Siwan
17. Saran
18. Sheohar

Financial Literacy and Organizational Structure

Fourteen regional offices situated in strategic locations including Araria, Bettiah, Chapra, Darbhanga, Gopalganj, Hajipur, Jhanjharpur, Madhubani, Motihari, Muzaffarpur, Purnea, Saharsa, Sitamarhi, and Siwan, help UBGB optimize its operations.

These regional offices oversee the BC stores and branches, guaranteeing effective service provision.

UBGB has created 18 Financial Literacy Centers (FLCs) within its command area in recognition of the value of financial literacy. These facilities are essential for teaching rural residents about savings, money management, and other banking services.

FAQs about Uttar Bihar Gramin Bank (UBGB) Merger

Here are the most frequently asked questions about the UBGB Merger;

When did Uttar Bihar Gramin Bank (UBGB) first merge?

UBGB was formed from the merger of seven Regional Rural Banks on March 1, 2006.

Which banks merged to form Uttar Bihar Kshetriya Gramin Bank (UBKGB)?

Mithila Kshetriya Gramin Bank, Madhubani Kshetriya Gramin Bank, Champaran Kshetriya Gramin Bank, Vaishali Kshetriya Gramin Bank, Saran Kshetriya Gramin Bank, Gopalganj Kshetriya Gramin Bank, and Siwan Kshetriya Gramin Bank.

When did UBKGB merge to become Uttar Bihar Gramin Bank (UBGB)?

UBKGB merged with Kosi Kshetriya Gramin Bank on May 1, 2008, to become UBGB.

Which bank sponsors Uttar Bihar Gramin Bank?

UBGB is sponsored by the Central Bank of India.

Where is the headquarters of Uttar Bihar Gramin Bank located?

The headquarters of UBGB is in Muzaffarpur, Bihar.

How many branches does Uttar Bihar Gramin Bank have?

UBGB has 1,027 branches, including rural, semi-urban, and urban branches.

What is the role of UBGB's Business Correspondent (BC) outlets?

BC outlets provide banking services to remote areas across North Bihar, supporting financial inclusion.

Here we shared all the details about the merger history of UBGB Bank, if you have more questions in your mind let us know.