The Central Government vide its Notification No.F.No.1 (2) 2001/RRB dated September 12, 2005, in exercise of the powers conferred by Sub-section (1) of section 23A of the RRBs Act, 1976 (21 of 1976) and also in consultation with National Bank for Agriculture & Rural Development (NABARD), Government of Gujarat and Bank of Baroda, being the Sponsor Bank of Panchmahal Vadodara Gramin Bank, Surat Bharuch Gramin Bank and Valsad Dangs Gramin Bank, in the public interest and in the interest of the development of the area served by the aforesaid RRBs as also in the interest of said RRBs themselves, it had been decided that the said RRBs should be amalgamated in to a single Regional Rural Bank and named as Baroda Gujarat Gramin Bank with its Head office at Bharuch w.e.f September 12, 2005.