Date: 2014-07-17Category: Extra OrdinaryState: Union GovernmentCountry: India
The Central Govt. hereby directs that with effect from the 1st April, 2014, the Marudhara Gramin Bank and Mewar Aanchalik Gramin Bank, which by reason of amalgamation have ceased to function.
**Policy Summary:**
This notification, S.O. 1855(E), issued by the Ministry of Finance, Department of Financial Services on July 17, 2014, announces the dissolution of Marudhara Gramin Bank and Mewar Aanchalik Gramin Bank, effective April 1, 2014. This action is a consequence of their amalgamation into a single Regional Rural Bank named Rajasthan Marudhara Gramin Bank, sponsored by the State Bank of Bikaner and Jaipur, with its Head Office at Jodhpur, as previously notified under S.O. 998(E) on April 1, 2014, under Section 23A(1) of the Regional Rural Banks Act, 1976. The current notification is issued under the authority of Section 23D of the same Act, and its effect supersedes any conflicting provisions within Section 26 of the Act. Contact person for inquiries is Alok Tandon, Joint Secretary, F. No. 792011/RRB.
Key Entities Referenced
Ministry of Finance: The Indian government ministry responsible for financial matters.
Department of Financial Services: A department within the Ministry of Finance.
Regional Rural Banks Act, 1976: An act of the Indian Parliament governing regional rural banks.
Marudhara Gramin Bank: A Regional Rural Bank that was amalgamated.
Mewar Aanchalik Gramin Bank: A Regional Rural Bank that was amalgamated.
Rajasthan Marudhara Gramin Bank: The new single Regional Rural Bank formed after amalgamation.
State Bank of Bikaner and Jaipur: A sponsor bank for the Regional Rural Banks.
Jodhpur, Rajasthan: Location of Head Office of Rajasthan Marudhara Gramin Bank
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[फा. स.ं 7/9/2011-आरआरबी]
आलोक ट;डन, संयु. सिचव
2919 GI/2014 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION
New Delhi, the 17th July, 2014
S.O. 1855(E).—Whereas, by notification of the Government of India in the Ministry of Finance,
Department of Financial Services number S.O. 998(E), dated the 1st April, 2014, issued under sub-section (1)
of section 23A of the Regional Rural Banks Act, 1976 (21 of 1976), the Central Government has notified for
amalgamation of Marudhara Gramin Bank and Mewar Aanchalik Gramin Bank (Regional Rural Banks),
sponsored by the State Bank of Bikaner and Jaipur and ICICI Bank into a single Regional Rural Bank called as
“Rajasthan Marudhara Gramin Bank” under the sponsorship of the State Bank of Bikaner and Jaipur with its
Head Office at “Jodhpur”.
Now, therefore, in exercise of the powers conferred by section 23D of the Regional Rural Banks Act,
1976 (21 of 1976), the Central Government hereby directs that with effect from the 1st April, 2014, the
Marudhara Gramin Bank and Mewar Aanchalik Gramin Bank, which by reason of amalgamation have ceased
to function, shall stand dissolved and this direction shall take effect notwithstanding anything to the contrary
contained in section 26 of the said Act.
[F. No. 7/9/2011-RRB]
ALOK TANDON, Jt. Secy.
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.