Madhya Bharat Gramin Bank is established on 30.06.2006 by amalgamation of 3 Regional Rural Banks sponsored by State Bank of India namely Damoh Panna Sagar Kshetriya Gramin Bank, Shivpuri Guna Kshetriya Gramin Bank & Bundelkhand Kshetriya Gramin Bank  under the notification issued by Govt. of India ( Ministry of  Finance ). The capital structure comprised of Govt. of India ( 50% ), State Bank of India ( 35% ) & State Government of Madhya Pradesh ( 15% ). The Head office of the bank is at Sagar ( M.P. ).  The Bank is serving rural masses through its 221 branches covering 8 districts of state of Madhya Pradesh namely Sagar, Damoh, Panna, Shivpuri, Guna, Ashoknagar, Tikamgarh & Chhatarpur.

The Institute of Banking Personnel Selection (IBPS) has announced the many posts for the IBPS RRB 2017 Office Assistant vacancies to recruit the eligible candidate. The IBPS RRB Office Assistant 2017 notification will be released in July 2017 by the IBPS department on the office web portal. The RRB Office Assistant examination 2017 is divided into three stages. The Preliminary exam will conduct on 9th, 10th, 16th, 17th, 23rd & 24th September 2017 and Mains exam will conduct on 12th November 2017. Those students who will get select in the Prelims, only those are allowed to appear in the main exam.