Patna: Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank have merged to create Bihar Gramin Bank, a new entity with a combined business of Rs 78,000 crore.
The consolidation, which brings together over 2,000 branches across the state, is expected to strengthen financial services and enhance access to credit for rural communities, making it a key player in Bihar’s banking sector.
“We are excited to announce the merger of Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank, forming Bihar Gramin Bank with a combined business of Rs 78,000 crore. This merger will enhance banking services, improve access to credit, and support economic growth across rural Bihar.”
The merger was formally announced on Friday by top officials from both banks, with support from the Union Ministry of Finance and NABARD. The new bank aims to offer enhanced financial services to rural populations, increase efficiency, and improve access to credit for farmers, self-help groups, and small businesses.
The move also aligns with the Centre’s broader objective of banking consolidation to strengthen the rural credit structure. Bank officials assured that all existing customer accounts, services, and staff positions will be retained and integrated smoothly.
