MADHYANCHAL GRAMIN BANK

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Madhyanchal Gramin Bank (MGB)
MADHYANCHAL GRAMIN BANK

Madhyanchal Gramin Bank was established on Novenber 1, 2012 under the Regional Rural Banks Act 1976 merging Madhya Bharat Gramin Bank, Rewa-Sidhi Gramin Bank and Sharda Gramin Bank. Three rural banks sponsored by the State Bank of India namely Damoh-Panna-Sagar Kshetriya Gramin Bank, Shivpuri-Guna Kshetriya Gramin Bank and Bundelkhand Gramin Bank were amalgamated and Madhya Bharat Gramin Bank was established on June 30, 2006. Madhyanchal Gramin Bank is sponsored by State Bank of India (SBI). The light blue colour emblem of the bank has a map of India with a glowing sun in the middle spreading its rays crested by its tagline in Sanskrit ‘सर्वे भवन्तु सुखिनः’ meaning ‘Let Everyone be Comfortable’ and supported by a laurel on each of its sides. These are ensconced in a circular border, which bears its name on upper and its acronym on the lower part in Devanagari separated by three stars on each side. The colour blue denotes the vast opportunities the opens up for the stakeholders and the trust one can repose on the bank. Laurels are a reminder of the hard work and dedication that it takes to achieve success. Sun symbolises light, strength, power and life energy to overcome obstacles and live your life with positive energy. Sun being placed in the middle of the map of India denotes the preeminence of the State of Madhya Pradesh.

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