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KARNATAKA VIKAS GRAMEENA BANK

Jan 20, 2020 351

HISTORY:

The Karnataka Bank Vikas Grameena (KVGB), a Regional Rural Bank, was established on September 12, 2005 following the merger of four Regional Rural Banks (RRB), namely the Malaprabha Grameena Bank, the Bijapur Grameena Bank, the Varada Bank Grameena and the Netravathi Grameena Banks. The Narasimhan Committee under notification from the Government of India dated 12 September 2005. The four amalgamated RRBs were sponsored by the Syndicate Bank and were located in Karnataka.

The bank, thus formed, currently has 448 branches in the rural areas of Karnataka, around Dharwad. After amalgamation, the bank's business level was around 3263.73 crores. After the merger, the RRB is called Karnataka Vikas Grameena Bank with its headquarters in Dharwad under the patronage of Syndicate Bank.

Thus, the Bank has fulfilled the aspirations of the rural population with its full involvement.TO be Continued to  main and visible Grameena Bank, acting as a catalyst for the growth of agriculture / allied and non-agricultural activities, encouraging clients to seek the lucrative vocation of maximizing the benefits for a dignified life, releasing vulnerable sections of claws Of money Lenders.Finally build an active Financial Institution is the mission of Karnataka Vikas Grameena Bank.

CHAIRMAN: S Ravindran