Merger of three RRBs to form Baroda UP Bank

New Delhi: The government has notified amalgamation of regional rural public sector banks — Baroda Uttar Pradesh Grameen Bank, Kashi Gomti Samyut Gramin Bank and Purvanchal Bank — into a single regional rural bank, Baroda UP Bank.

Its headquarters will be in Gorakhpur under sponsorship of Bank of Baroda, as per the notification.

Bank of Baroda is sponsor of Baroda Uttar Pradesh Grameen Bank, Union Bank of India is sponsor of Kashi Gomti Samyut Gramin Bank while State Bank of India is sponsor of Purvanchal Bank.