Bangiya Gramin Vikash Bank was formed, as corresponding new RRB, through notification in the Official Gazette of Govt of India dated 21.02.2007, consequent upon amalgamation of five constituent RRBs Viz. Mallabhum Gramin Bank, Gaur Gramin Bank, Murshidabad Gramin Bank, Nadia Gramin Bank and Sagar Gramin Bank in West Bengal. The command area of the Bank stretches to 11 districts of West Bengal viz. Malda, Murshidabad, Uttar Dinajpur, Dakshin Dinajpur, Nadia, South 24 Parganas, North 24 Parganas, Bankura, Purulia, Purba Midnapur and Paschim Midnapur.
The amalgamation was made in the public interest, in order to serve better the needs of development of the economy in conformity with national policy and objectives and for matters connected there with or incidental there to.
The Bank has as of now a network of 559 branches and 1 extension counters spread across the command area.
The shareholding pattern of the Bank as of now is as follows. (Rs in Lakh)