**Executive Summary:**
This notification, issued by the Central Government of India, announces the amalgamation of Madhya Bihar Gramin Bank and Uttar Bihar Gramin Bank into a single entity named Dakshin Bihar Gramin Bank, effective January 1, 2019. The amalgamation is deemed necessary in the public interest and for the development of the area served by these Regional Rural Banks. Punjab National Bank will sponsor the new entity, which will have its head office in Patna.
**Key Points / Main Content:**
* **Amalgamation:**
* Madhya Bihar Gramin Bank and Uttar Bihar Gramin Bank are amalgamated into Dakshin Bihar Gramin Bank.
* The effective date of the amalgamation is January 1, 2019.
* Punjab National Bank will sponsor the transferee bank
* The head office will be located in Patna.
* **Capital Structure:**
* The authorized capital of Dakshin Bihar Gramin Bank is two thousand crore rupees.
* It is divided into two hundred crore fully paid shares of ten rupees each.
* The subscribed share capital of the new bank equals the combined subscribed share capital of the transferor banks.
* Share Capital: Central Government (Rs. 140.73 crore), State Government (Rs. 42.22 crore), Sponsor Bank (Rs. 98.52 crore)
* Share Capital Deposit: Nil
* **Operational Changes:**
* Madhya Bihar Gramin Bank and Uttar Bihar Gramin Bank ceased to carry on business, except for actions necessary for implementing the amalgamation.
* All assets, rights, liabilities, and obligations of the transferor banks are transferred to Dakshin Bihar Gramin Bank.
* Existing contracts and legal proceedings involving the transferor banks will continue with Dakshin Bihar Gramin Bank as the successor.
* **Accounts and Liabilities:**
* Dakshin Bihar Gramin Bank shall open corresponding accounts for all savings, current, and deposit accounts from the transferor banks.
* The bank may withhold credit for up to three months if there are doubts about the correctness of entries in a particular account, pending verification.
* **Employees:**
* The service of all employees (excluding those not considered workmen under the Industrial Disputes Act, 1947) of the transferor banks will continue in Dakshin Bihar Gramin Bank under the same terms and conditions.
* The inter se seniority of officers and employees, directly recruited or promoted, shall be decided as per the guidelines by the National Bank for Agriculture and Rural Development
* **Area of Operation:**
* The area of operation of Dakshin Bihar Gramin Bank comprises the combined areas of the transferor banks, covering districts in Bihar.
**Impact Analysis:**
**Stakeholder:** Madhya Bihar Gramin Bank and Uttar Bihar Gramin Bank
* *Impact:* These banks cease to exist as separate entities and are now part of Dakshin Bihar Gramin Bank.
* *Action Required:* Transfer all assets, liabilities, and ongoing operations to Dakshin Bihar Gramin Bank, as per the notification.
**Stakeholder:** Depositors and Creditors
* *Impact:* Their accounts and liabilities are transferred to Dakshin Bihar Gramin Bank.
* *Action Required:* Continue banking operations with Dakshin Bihar Gramin Bank, as their accounts will be transferred automatically.
**Stakeholder:** Employees
* *Impact:* Their employment continues with Dakshin Bihar Gramin Bank under the same terms and conditions, with potential for reassignment within the expanded operational area.
* *Action Required:* Continue employment with Dakshin Bihar Gramin Bank; comply with any new postings or appointments.
**Stakeholder:** Central Government, NABARD, Punjab National Bank, and UCO Bank
* *Impact:* Continued oversight and sponsorship roles with the newly formed Dakshin Bihar Gramin Bank.
* *Action Required:* Ensure smooth transition and adherence to the notification's provisions; the sponsor bank provides support as needed.
**Stakeholder:** Dakshin Bihar Gramin Bank
* *Impact:* It becomes the new entity responsible for all assets, liabilities, and operations of the former banks.
* *Action Required:* Integrate the operations of the former banks, manage the transition of accounts and employees, and ensure compliance with all regulatory requirements.
Key Entities Referenced
Regional Rural Banks Act, 1976: An act of the Indian Parliament concerning regional rural banks in India. Section 23A empowers the Central Government to amalgamate Regional Rural Banks.
Madhya Bihar Gramin Bank: A Regional Rural Bank that is being amalgamated as per this notification. It is referred to as the transferor Regional Rural Bank.
Uttar Bihar Gramin Bank: A Regional Rural Bank that is being amalgamated as per this notification. It is referred to as the transferor Regional Rural Bank.
Dakshin Bihar Gramin Bank: The new single Regional Rural Bank formed after the amalgamation of Madhya Bihar Gramin Bank and Uttar Bihar Gramin Bank. It is referred to as the transferee Regional Rural Bank.
Punjab National Bank: The Sponsor Bank for Madhya Bihar Gramin Bank and the transferee Regional Rural Bank, Dakshin Bihar Gramin Bank.
UCO Bank: The Sponsor Bank for Uttar Bihar Gramin Bank.
National Bank for Agriculture and Rural Development (NABARD): An apex development finance institution in India. It was consulted by the Central Government regarding the amalgamation.
State of Bihar: The Indian state where the Regional Rural Banks being discussed are located and operate.
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EXTRAORDINARY
Hkkx II—[k.M 3—mi&[k.M (ii)
PART II—Section 3—Sub-section (ii)
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((((ििििवववव(cid:3)(cid:3)(cid:3)(cid:3)ीीीीयययय ससससववववेेेे ााााएएएए ंं ंंििििववववभभभभाााागगगग))))
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6)ली, 21 (cid:4)दस(cid:10)बर, 2018
ककककाााा....आआआआ.... 6666222255554444((((अअअअ))))....—क(cid:14)(cid:15)ीय सरकार का रा(cid:18)ीय कृिष और (cid:23)ामीण िवकास ब(cid:27)क (नाबाड)(cid:29) , िबहार सरकार और पजं ाब
नेशनल बक(cid:27) तथा यकू ो बक(cid:27) जो, म$य िबहार (cid:23)ामीण बक(cid:27) और िबहार (cid:23)ामीण ब(cid:27)क के &ायोजक बक(cid:27) ह,ै से परामश(cid:29) करने के
प*च ात यह िवचार ह ै (cid:4)क जनिहत और उपयु(cid:29). &ादेिशक (cid:23)ामीण बक(cid:27) / 0ारा िजन 1े2/ म (cid:14) सेवा दी जा रही ह,ै उन 1े2/ के
िवकास के िहत म(cid:14) तथा 3वयं उ. &ादेिशक (cid:23)ामीण बक(cid:27) / के िहत म (cid:14) यह आव*यक ह ै(cid:4)क उ. &ादिे शक (cid:23)ामीण बक(cid:27) / को एकल
&ादिे शक (cid:23)ामीण ब(cid:27)क म(cid:14) समामिे लत (cid:4)कए जान ेचािहए;
अत:, क(cid:14)(cid:15)ीय सरकार अब &ादिे शक (cid:23)ामीण बक(cid:27) अिधिनयम, 1976 (1976 का 21) (िजस े इसम(cid:14) इसके प:ात
'अिधिनयम' कहा गया ह)ै क; धारा 23क क; उपधारा (1) 0ारा &द< शि.य/ का &योग करते >ए उ. &ादिेशक (cid:23)ामीण बक(cid:27) /
को एकल &ादिे शक (cid:23)ामीण बक(cid:27) म (cid:14) समामिे लत करन े का उपबंध करती ह ै जो ऐस े गठन, संपि<, शि., अिधकार, िहत/,
&ािधकार/ और िवशेषािधकार/; तथा ऐसी दये ता@, कत(cid:29)A/ और दाियBव/ जो नीचे िविनCदD(cid:29) ह,(cid:27) के साथ जजजजननननववववररररीीीी,,,, 2222000011119999 ककककाााा
पपपपहहहहललललाााा (cid:13)(cid:13)(cid:13)(cid:13)ददददनननन से &भावी होगा (िजसे इसम (cid:14)इसके प:ात 'समामले न क; &भावी तारीख़’ कहा गया ह)ै :-
1. िबहार राFय म(cid:14) पंजाब नेशनल ब(cid:27)क तथा यकू ो बक(cid:27) के 0ारा &ायोिजत म$य िबहार (cid:23)ामीण बक(cid:27) और िबहार (cid:23)ामीण
ब(cid:27)क (िजस े इसम (cid:14) इसके प:ात अंतरणकता(cid:29) &ादिे शक (cid:23)ामीण ब(cid:27)क कहा गया ह)ै को एकल &ादिे शक (cid:23)ामीण ब(cid:27)क ददददिििि(cid:16)(cid:16)(cid:16)(cid:16)णणणण ििििबबबबहहहहाााारररर
(cid:20)(cid:20)(cid:20)(cid:20)ााााममममीीीीणणणण बबबबकककक(cid:22)(cid:22)(cid:22)(cid:22) म (cid:14) समामिे लत (cid:4)कया जाता ह ै (िजसे इसम (cid:14) इसके प:ात 'अंतGरती &ादिे शक (cid:23)ामीण बक(cid:27) ' कहा गया ह)ै िजसका
&धान कायाल(cid:29) य पपपपटटटटननननाााा म (cid:14)होगा और इसका &ायोजक ब(cid:27)क पपपपजजंंजजंं ााााबबबब ननननशशेेशशेे ननननलललल बबबबकककक(cid:22)(cid:22)(cid:22)(cid:22) होगा।
2. अंतGरती &ादिे शक (cid:23)ामीण बक(cid:27) क; &ािधकृत पूंजी दो हजार करोड़ Iपए होगी जो &Bयके दस Iपए के पूण (cid:29) चकु ता
शेयर/ क; दो सौ करोड़ क; सKं या म (cid:14) िवभािजत होगी। अंतGरती &ादिे शक (cid:23)ामीण ब(cid:27)क क; अिभद< शेयर पूंजी अंतरणकता (cid:29)
&ादिे शक (cid:23)ामीण ब(cid:27)क/ क; अिभद< शेयर पूंजी के बराबर होगी तथा इस &कार, अंतरणकता(cid:29) &ादिे शक (cid:23)ामीण बक(cid:27) / क; स(cid:10)पूण (cid:29)
अिभद< शेयर पूंजी ह3तांतGरत मानी जाएगी और अंतGरती &ादिे शक (cid:23)ामीण ब(cid:27)क/ क; अिभद< शेयर पूंजी के Mप म(cid:14) मानी
जाएगी।
7486 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3. अंतGरती &ादिे शक (cid:23)ामीण बक(cid:27) क; स(cid:10)पूण (cid:29)शेयर पूंजी और शेयर पूंजी जमा िनNा(cid:4)ं कत हःै-
1. शेयर पूंजी
(क) केP(cid:15) सरकार एक सौ चालीस करोड़ और ितहतर लाख Iपए;
(ख) राFय सरकार बयालीस करोड़ और बाईस लाख Iपए;
(ग) &ायोजक बक(cid:27) अQानव ेकरोड़ और बावन लाख Iपए;
2. शेयर पूंजी जमा शूPय
4. समामले न क; &भावी तारीख़ स,े अंतरणकता(cid:29) &ादिे शक (cid:23)ामीण ब(cid:27)क, जैसे म$य िबहार (cid:23)ामीण बक(cid:27) और िबहार
(cid:23)ामीण बक(cid:27) पर, इस अिधसूचना के अनुसार समामेलन के उपबंध/ को लागू करन े के िलए जो आव*यक होगा, को छोड़कर
(cid:4)कPहR भी जमाकता@(cid:29) को (cid:4)कसी &कार का भुगतान करन े या उधारकता@(cid:29) को (cid:4)कसी &कार क; दने दारी या बा$यताएं चकु ाने
सिहत कारोबार करन ेपर &ितबंध होगा।
5. समामले न क; &भावी तारीख स े अंतरणकता (cid:29) &ादिे शक (cid:23)ामीण ब(cid:27)क/ के उपTम, अंतGरती &ादिे शक (cid:23)ामीण ब(cid:27)क को
अंतGरत हो जाएगं ेऔर उनम(cid:14) िनिहत हो जाएंगे।
(क) अंतरणकता (cid:29) &ादिे शक (cid:23)ामीण ब(cid:27)क/ के उपTम/ म (cid:14) सभी आि3तय/, अिधकार, शि.य/, &ािधकार तथा िवशेषािधकार
और सभी चल तथा अचल सपं ि<य/, शेष नकदी, आरि1त िनिधय/, िनवेश और अPय सभी अिधकार तथा ऐसी
संपि<य/ पर या उससे &ाU होन े वाला Vयाज, जो इस अिधसचू ना के लागू होने स े तBकाल पवू (cid:29) अंतरणकता (cid:29) &ादेिशक
(cid:23)ामीण ब(cid:27)क/ के 3वािमBव, अिधकार, शि. या िनयं2ण म (cid:14) हो, चाह े वह भारत म(cid:14) हो या बाहर तथा सभी लेखा-
बिहया,ं रिज3टर, Gरकाड (cid:29) और उससे संबंिधत सभी &कार के अPय सभी कागजात शािमल ह/गे तथा इसके अंतग(cid:29)त
अंतरणकता(cid:29) &ादिे शक (cid:23)ामीण ब(cid:27)क का उस समय िनवा(cid:29)ह करन ेवाले सभी &कार के उधार/, दये ता@ और दाियBव/ को
सि(cid:10)मिलत समझा जाएगा;
(ख) इस अिधसूचना के लागू होने स े तBकाल पूव (cid:29) िनवा(cid:29)ह करने वाली या &भावी सभी संिवदाए,ं करार बाYड, समझौत,े
गारंGटया ं मुKतारनामा, काननू ी &ितवेदन क; मंजरू ी और (cid:4)कसी भी &कार के अPय िलखत और िजसके िलए
अंतरणकता(cid:29) &ादिे शक (cid:23)ामीण ब(cid:27)क एक प1 ह (cid:27) या जो अंतरणकता(cid:29) &ादिे शक (cid:23)ामीण बक(cid:27) / के प1 म(cid:14) ह,(cid:27) पूरी 1मता स े
अंतGरती से &ादिे शक (cid:23)ामीण ब(cid:27)क के िवIZ या प1 म (cid:14) ह/ग े और इसे पूरी तरह से तथा &भावी ढंग से अंतरणकता (cid:29)
&ादिे शक(cid:23)ामीण बक(cid:27) / के 3थान पर लाग ू (cid:4)कया गया ह,ै अंतGरती &ादिे शक (cid:23)ामीण ब(cid:27)क इसका एक प1 रहा ह ै या
मानो उPह (cid:14)अतं Gरती &ादिे शक (cid:23)ामीण बक(cid:27) के प1 म(cid:14) जारी (cid:4)कया गया हो;
(ग) य(cid:4)द, समामले न क; &भावी तारीख को अंतरणकता (cid:29) &ादिे शक (cid:23)ामीण बक(cid:27) / के (cid:4)कसी कारोबार के संबंध म (cid:14) (cid:4)कसी भी
&कार का वाद, अपील या अPय काय(cid:29)वािहयां अंतरणकता(cid:29) &ादिे शक (cid:23)ामीण ब(cid:27)क/ 0ारा या के िवMZ लि(cid:10)बत ह,ै यह
अंतरणकता(cid:29) बक(cid:27) / के उपTम/ के अंतरण इस अिधसूचना म (cid:14)(cid:4)दए गए (cid:4)कसी त\ य के कारण उपशमन नहR (cid:4)कया जाएगा
या (cid:4)कसी भी &कार स े दरु ा(cid:23)हपूण (cid:29) तरीके से &भािवत नहR होगा, ल(cid:4)े कन वाद, अपील या अPय काय(cid:29)वािहयां अंतGरती
&ादिे शक (cid:23)ामीण बक(cid:27) / 0ारा या के िवMZ जारी रखी जा सक(cid:14)गी, अिभयोजन (cid:4)कया जा सकेगा और लागू (cid:4)कया जा
सकेगा;
(घ) (cid:4)कसी समझौता, सिं वदा, ह3त ातं रण प2, आ* वासन, मुKत ारनामा या (cid:4)कसी भी &कार के (cid:4)कसी अP य कागजात म (cid:14)
अंतरणकता(cid:29) &ादिे शक (cid:23)ामीण ब(cid:27)क/ से (cid:4)कए गए प2ाचार को अंतGरती &ादिे शक (cid:23)ामीण बक(cid:27) स े (cid:4)कया गया प2ाचार
माना जाएगा और अंतरणकता (cid:29) ब(cid:27)क/ के अिधकार/ एवं बा$ यता@ को अतं Gरती &ादिे शक (cid:23)ामीण बक(cid:27) का अिधकार
और बा$य ताए ंमाना जाएगा।
6.(क) अंतरणकता(cid:29) बक(cid:27) के &Bय के बचत ब(cid:27)क खाता या चाल ू खाता या साविध जमा, नकदी &माणप2, मािसक जमारािशया,ं
मांग या अ(cid:6)प सूचना पर दये जमारािश या (cid:4)कसी भी नाम स े जान े जाने वाली (cid:4)कसी अP य जमारािशय/ सिहत कोई
अPय जमारािश खात े के संबधं म(cid:14) अंतGरती &ादिे शक (cid:23)ामीण ब(cid:27)क समामले न क; &भारी तारीख को अपने यहां उसके
संबंिधत जमाकता@(cid:29) के नाम स ेतदनMु पी और समान खाता खोलेगा और उसके V याज क; दये मा2ा सिहत परू ी रािश
जमा करेगा:¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3
परंत,ु जहां (cid:4)क अंतGरती &ादिे शक (cid:23)ामीण ब(cid:27)क को (cid:4)कसी खास खात े म (cid:14) क; गई &िविDय/ के सही होने पर
पया(cid:29)]त शक हो, यह &ायोजक ब(cid:27)क के अनमु ोदन से समामले न क; &भारी तारीख से तीन महीने से अनिधक क; अविध
के िलए उस खात ेम(cid:14) जमा कने क; &(cid:4)Tया को रोक सकता ह ैिजसके भीतर अंतGरती &ादेिशक (cid:23)ामीण बक(cid:27) ऐस ेखात ेम (cid:14)
सही शेष रािश सिु नि:त करेगा।
(ख) अPय सभी दये ता@ के संबंध म,(cid:14) स(cid:10) पि< अतं रण अिधिनयम, 1882 (1882 का 4) या रिज3 _ीकरण अिधिनयम,
1908 (1908 का 16) म(cid:14) (cid:4)कसी बात के होत े>ए भी यह अिधसूचना अंतरणकता(cid:29) &ादिे शक (cid:23)ामीण बक(cid:27) / के कारोबार
स(cid:10)प ि<, आि3त और दये ता@, अिधकारो, िहतो, शि.य/, िवशषे ािधकार/, लाभ/ और (cid:4)कसी भी &कार के दाियBव /
का इस अिधसूचना के उपबंध/ के अनुसार अंतGरती &ादिे शक (cid:23)ामीण बक(cid:27) को पया(cid:29)] त ह3त ातं रण होगा।
7.(क) अंतरणकता(cid:29) &ादिे शक (cid:23)ामीण ब(cid:27)क/ के सभी कम(cid:29)चाGरय/ (औfोिगक िववाद अिधिनयम, 1947 (1947 का 14) के
अधीन जो कमक(cid:29) ार न ह/) क; सेवा अतं Gरती &ादेिशक (cid:23)ामीण बक(cid:27) / म(cid:14) उसी पाGरgिमक और सेवा क; उP हR शतh पर
जारी रहगे ी, यथाि3थित, समामेलन क; &भावी तारीख से तBक ाल पवू (cid:29) िजसके 0ारा वे िनयिं 2त होते थे।
(ख) &Bय 1 Mप स े भतi (cid:4)कए गए और/या पदोP नत (cid:4)कए गए अिधकाGरय/ और कमच(cid:29) ाGरय/ क; पर3प र वGरkता का िनण(cid:29)य
रा(cid:18)ीय कृिष और (cid:23)ामीण िवकास बक(cid:27) (नाबाड)(cid:29) 0ारा तारीख़ 25.11.2013 के प2 संKया
एनबी.आईडीडी.आरआरसीबीडी/2065/462/(आईएसएस)2013-14 के 0ारा जारी (cid:4)दशािनदशq / के अनुसार (cid:4)कया
जाएगा। इसके अलावा य(cid:4)द इस संबंध म (cid:14) कोई िववाद उBपr होता ह ै तो इसका िनपटान एक सिमित 0ारा (cid:4)कया
जाएगा िजसम (cid:14)रा(cid:18)ीय कृिष और (cid:23)ामीण िवकास बक(cid:27) (नाबाड)(cid:29) और &ायोजक बक(cid:27) के &ितिनिध शािमल ह/ग।े
8. अंतGरती &ादिे शक (cid:23)ामीण ब(cid:27)क के पास बक(cid:27) और जनता के िहत म (cid:14) कम(cid:29)चाGरय/ को अतं Gरती &ादिे शक (cid:23)ामीण बक(cid:27) के
सम3त पGरचालन 1े2 म (cid:14)कहR भी तनै ात या िनय.ु करन ेका अिधकार ह।ै
9. अंतGरती &ादिे शक (cid:23)ामीण ब(cid:27)क के पGरचालन 1े2 म (cid:14) अंतरणकता (cid:29) ब(cid:27)क/, अथात(cid:29) म$य िबहार (cid:23)ामीण ब(cid:27)क और िबहार
(cid:23)ामीण बक(cid:27) के िबहार राFय के अरवल, औरंगाबाद, भोजपरु , बsसर, गया, जहानाबाद, कैमूर, नवादा, नालंदा, पटना,
रोहतास, बेगूसराय, खगिड़या, भागलपुर, मुंगेर, बाकं ा, लखीसराय, शेखपुरा, जमुई और सम3तीपुर िजल े &ादिे शक (cid:23)ामीण
ब(cid:27)क के पGरचालन 1े2 म (cid:14)शािमल ह/गे।
10. जब तक इस अिधसूचना म (cid:14) 3प tट Mप से न (cid:4)दया गया हो, इस अिधिनयम के उपबंध/ का अतं Gरती &ादिे शक (cid:23)ामीण
ब(cid:27)क पर ऐसा &भाव होगा मानो उsत अिधिनयम क; धारा 3 क; उपधारा (1) के अतं ग(cid:29)त इस े3 थािपत (cid:4)कया गया हो।
[फा. स.ं 7/8/2017-आरआरबी (िबहार)]
सुचीP(cid:15) िमg, संयु. सिचव
MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION
New Delhi, the 21st December, 2018
S.O. 6254(E).—Whereas the Central Government, after consultation with the National Bank for
Agriculture and Rural Development (NABARD), Government of Bihar and the Punjab National Bank and
UCO Bank, being the Sponsor Banks of Madhya Bihar Gramin Bank and Uttar Bihar Gramin Bank, is of the
opinion that it is necessary in the public interest and in the interest of the development of the area served by
the aforesaid Regional Rural Banks and also in the interest of the said Regional Rural Banks themselves, that
the said Regional Rural Banks should be amalgamated into a single Regional Rural Bank;
Now, therefore, in exercise of the powers conferred by sub-section (1) of section 23A of the Regional
Rural Banks Act, 1976 (21 of 1976) (hereinafter referred to as “the Act”), the Central Government hereby
provides for the amalgamation of the said Regional Rural Banks into a single Regional Rural Bank which
shall come into effect on and from the 1st day of January, 2019 (hereinafter referred to as the “effective date
of amalgamation”) with such constitution, property, powers, rights, interests, authorities and privileges; and
with such liabilities, duties and obligations as specified hereunder:-4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
1. Madhya Bihar Gramin Bank and Uttar Bihar Gramin Bank (hereinafter referred to as “the transferor
Regional Rural Banks”) sponsored by the Punjab National Bank and UCO Bank in the State of Bihar are
hereby amalgamated into a single Regional Rural Bank which shall be called as Dakshin Bihar Gramin
Bank (hereinafter referred to as “the transferee Regional Rural Bank”) with its head office at Patna under the
sponsorship of Punjab National Bank.
2. The authorized capital of the transferee Regional Rural Bank shall be two thousand crore divided into
two hundred crore number of fully paid shares of rupees ten each. The subscribed share capital of the
transferee Regional Rural Bank shall be equal to the subscribed share capital of transferor Regional Rural
Banks and, therefore, the entire subscribed share capital of the transferor Regional Rural Banks shall be
deemed to have been transferred to and shall be deemed as subscribed share capital of the transferee Regional
Rural Bank.
3. The entire share capital and share capital deposit of the transferee Regional Rural Bank shall be as
under:-
1 Share Capital
(a) Central Government Rupees one hundred forty crore and seventy three lakh
(b) State Government Rupees forty two crore and twenty two lakh
(c) Sponsor Bank Rupees ninety eight crore and fifty two lakh
2 Share Capital Deposit Nil
4. From the effective date of amalgamation, the transferor Regional Rural Banks viz. Madhya Bihar
Gramin Bank and Uttar Bihar Gramin Bank shall cease to carry on the business including that of making any
payment to any depositors or discharge any liability or obligation to the creditors except to the extent as may
be necessary for implementation of the provisions of the amalgamation as per this notification.
5. From the effective date of amalgamation, the undertakings of the transferor Regional Rural Banks
shall be transferred to and shall vest in the transferee Regional Rural Bank;
(a) The undertakings of the transferor Regional Rural Banks shall include all assets, rights, powers,
authorities and privileges and all property movable and immovable, cash balance, reserve funds,
investments and all other rights and interest in or arising out of such property, as are
immediately before the commencement of this notification, in the ownership, possession, power
or control of the transferor Regional Rural Banks whether within or outside India and all books
of accounts, registers, records and all other documents of whatever nature relating thereto and
shall also be deemed to include all borrowings, liabilities and obligations of whatever kind then
subsisting of the transferor Regional Rural Banks;
(b) All contracts, deeds, bonds, agreements, guarantees, powers of attorney, grants of legal
representation and other instruments of whatsoever nature subsisting or having effect
immediately before the commencement of this notification and to which the transferor Regional
Rural Banks are a party or which are in favour of the transferor Regional Rural Banks shall be in
full force and effect against or in favour of the transferee Regional Rural Bank and may be
enforced or acted upon as fully and effectively as if in the place of the transferor Regional Rural
Banks, the transferee Regional Rural Bank has been a party thereto or as if they had been issued
in favour of the transferee Regional Rural Bank;
(c) If, on the effective date of amalgamation, any suit, appeal or other proceedings of whatsoever
nature in relation to any business of the transferor Regional Rural Banks are pending by, or
against to, the transferor Regional Rural Banks, the same shall not abate, be discontinued or be,
in any way, prejudicially affected by reason of the transfer of the undertaking of the transferor
Regional Rural Banks or of anything contained in this notification but the suit, appeal or other
proceedings may be continued, prosecuted and enforced by, or against, the transferee Regional
Rural Bank;
(d) Any reference to the transferor Regional Rural Banks in any agreement, contract, conveyance,
assurance, power of attorney or any other document of whatsoever nature shall be deemed to be
a reference to the transferee Regional Rural Bank and the rights and obligations of the transferor
Regional Rural Banks shall be deemed to be the rights and obligations of the transferee Regional
Rural Bank.¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 5
6. (a) In respect of every savings banks account or current account or any other deposit account
including a fixed deposit, cash certificate, monthly deposit, deposit payable at call or short notice or any other
deposits by whatever name called with the transferor Regional Rural Bank, the transferee Regional Rural
Bank shall open with itself on the effective date of amalgamation a corresponding and similar account in the
name of the respective holder(s) thereof crediting thereto full amount including interest to the extent payable:
Provided that where the transferee Regional Rural Bank entertains a reasonable doubt about the
correctness of the entries made in any particular account, it may with the approval of the Sponsor Bank
withhold the credit to be made in that account for a period not exceeding three months from the effective date
of amalgamation within which the transferee Regional Rural Bank shall ascertain the correct balance in such
account.
(b) In respect of every other liability, notwithstanding anything contained in the Transfer of Property Act,
1882 (4 of 1882) or the Registration Act, 1908 (16 of 1908), this notification shall be sufficient conveyance, in
accordance with the provisions of this notification, of the business, properties, assets and liabilities, rights,
interests, powers, privileges, benefits and obligations of whatever nature of the transferor Regional Rural
Banks to the transferee Regional Rural Bank.
7. (a) The service of all the employees of the transferor Regional Rural Banks (excepting such of them as not
being workmen within the meaning of the Industrial Disputes Act, 1947 [14 of 1947]) shall continue in the
transferee Regional Rural Bank at the same remuneration and on the same terms and conditions of service, or,
as the case may be, by which they were governed immediately before the effective date of amalgamation.
(b) The inter-se-seniority of officers and employees, directly recruited or promoted, shall be decided as
per the guidelines by the National Bank for Agriculture and Rural Development issued vide letter number
NB.IDD.RRCBD/ 2065/462/(ISS)2013-14 dated 25.11.2013. Further, if any issue arises in this regard, the
same shall be decided by a Committee comprising representatives of National Bank for Agriculture and Rural
Development and Sponsor Bank.
8. The transferee Regional Rural Bank shall have the power to post or appoint the employees in the
interest of the bank and the public as a whole anywhere in the entire area of operation of the transferee
Regional Rural Bank.
9. The area of operation of the transferee Regional Rural Bank shall be the combined area of operation
of the transferor Regional Rural Banks viz. Madhya Bihar Gramin Bank and Uttar Bihar Gramin Bank in the
Districts of Arwal, Aurangabad, Bhojpur, Buxar, Gaya, Jehanabad, Kaimur, Nawada, Nalanda, Patna, Rohtas,
Begusarai, Khagaria, Bhagalpur, Munger, Banka, Lakhisarai, Shekhpura, Jamui and Samastipur in the State of
Bihar.
10. Unless otherwise expressly provided in this notification, the provisions of the Act shall have the same
effect on the transferee Regional Rural Bank as if it has been established under sub-section (1) of section 3 of
the Act.
[F. No 7/8/2017-RRB(Bihar)]
SUCHINDRA MISRA, Jt. Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.