Madhya Bihar Gramin Bank sponsored by Punjab National Bank was established under Regional Rural Bank Act, 1976 and by Givt. of India, Ministry of Finance, Economic Affairs Banking Division notification no. F. No. 1(1) 2006-RRB dated 10.02.2006 by amalgamating four RRBs viz. Bhojpur-Rohtas Gramin Bank, Magadh Gramin Bank, Nalanda Gramin Bank and Patliputra Gramin Bank.
The bank is rendering its services to meet all the banking requirements of the rural and urban areas. In the light of the changed scenario in the banking sector, the bank is also providing its services to the non-target group beneficiaries along with the target group beneficiaries.