AMALGAMATION

IN EXCERCISE OF THE POWERS CONFERRED BY SUB SECTION (1) OF SECTION 23A OF THE REGIONAL RURAL BANKS ACT, 1976 (21 OF 1976) ,THE CENTRAL GOVERNMENT HAS AMALGAMATED UTTAR BIHAR KSHETRIYA GRAMIN BANK AND KOSI KSHETRIYA GRAMIN BANK (TRANSFEROR REGIONAL RURAL BANKS) SPONSORED BY CENTRAL BANK OF INDIA IN THE STATE OF BIHAR INTO A SINGLE RGIONAL RURAL BANK WHICH SHALL BE CALLED AS UTTAR BIHAR GRAMIN BANK (TRANSFEREE REGIONAL RURAL BANK) WITH ITS HEAD OFFICE AT MUZAFFARPUR.

FROM THE DATE OF AMALGAMATION, THE TRANSFEROR REGIONAL RURAL BANKS VIZ. UTTAR BIHAR KSHERTRIYA GRAMIN BANK AND KOSI KSHETRIYA GRAMIN BANK SHALL CEASE TO CARRY ON THE BUSINESS. THE UNDERTAKINGS OF THE TRANSFEROR REGIONAL BANKS SHALL BE TRANSFERRED TO AND SHALL VEST IN THE TRANSFEREE REGIONAL RURAL BANK.

NOW AREA OF OPERATION OF UTTAR BIHAR GRAMIN BANK SHALL BE IN THE DISTRICTS OF ARARIA, KATIHAR, KISHANGANJ, DARBHANGA, EAST CHAMPARAN, GOPALGANJ, MADHEPURA, MADHUBANI, MUZAFFARPUR, PURNEA, SAHARSA, SARAN, SHEOHAR, SITAMARHI, SIWAN, SUPAUL, WEST CHAMPARAN AND VAISHALI IN THE STATE OF BIHAR.

PLEASE SEE PART-II, SECTION-3, SUB SECTION (II) OF THE GAZETTE OF INDIA, EXTRAORDINARY FOR DETAILS OF THE NOTIFICATION DATED 1ST MAY 2008 OF GOVERNMENT OF INDIA, MINISTRY OF FINANCE, DEPARTMENT OF FINANCIAL SERVICES.







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