Karnataka Vikas Grameena Bank

The Karnataka Vikas Grameena Bank (KVGB), an Indian Regional Rural Bank Sponsored by Canara Bank. The bank provides retail banking services to rural users and has 633 branches in areas of Karnataka, around Dharwad.

Karnataka Vikas Grameena Bank
Public
IndustryBanking
FoundedSeptember 12, 2005 (2005 -09-12)
Headquarters
Dharwad, Karnataka
,
India
Key people
Puttaganti Gopi Krishna
(Chairman )
ProductsRetail banking
Websitewww.kvgbank.com

History

The bank was constituted on 12 September 2005 after amalgamation of four Regional Rural Banks (RRBs) namely Malaprabha Grameena Bank, Bijapur Grameena Bank, Varada Grameena Bank and Netravathi Grameena Banks as per recommendations of the Narasimhan Committee under Government of India Notification dated 12 September 2005. All four amalgamated RRBs were sponsored by Syndicate Bank(Now Canara Bank) and were located in Karnataka.

After amalgamation in 2005, the level of the bank’s business was around 23263.73 Crore. After the merger, the RRB was named Karnataka Vikas Grameena Bank with its head office at Dharwad under the sponsorship of Syndicate Bank. Puttaganti Gopi Krishna, General Manager of Syndicate Bank, took charge as the new Chairman of Karnataka Vikas Grameena Bank (KVGB), a Dharwad-headquartered Regional Rural Bank, on July 22, 2019.

Area of operations

Head Office of the Bank is situated at Dharwad, located in the state of Karnataka. The bank is currently operating in 9 districts in the State which are:-

Products and services

SAVING ACCOUNTS
  • SAVINGS ACCOUNT
  • CURRENT ACCOUNT
  • VIKAS SPECIAL PREMIUM SAVINGS BANK ACCOUNT
  • VIKAS PREMIUM SAVINGS BANK ACCOUNT

DEPOSIT SCHEMES
  • VIKAS SANCHAYANI PLUS
  • VIKAS SANTUSTI DEPOSIT SCHEME WITH OVERDRAFT FACILITY
  • VIKAS BONANZA 456
  • AKSHAYA CASH CERTIFICATE
  • NIRANTARA DAILY DEPOSIT SCHEME
  • VIKAS TAX ULITAYA - Tax Saving Fixed Deposit

LOAN PRODUCTS
  • VIKAS GRIHA - Vehicle Loan To General Public
  • VIKAS ADHAR - Mortgage Loan
  • VIKAS KISAN CREDIT CARD
  • AGRI TOURISM
  • VIKAS SAATHI - Mobile Van For Dealers & Traders
  • MODEL DAIRY UNIT
  • VIKAS GRIHALANKAR - Interior Decoration of Residential House
  • FINANCING TO LANDSCAPE WORK
  • VIKAS GRIHA FLEXI - Housing Loan Overdraft Facility
  • DRIP IRRIGATION FACILITY
  • VIKAS VAHAN - Vehicle Loans For All
  • VIKAS SARALA SANJEEVINI - OD Facility To Doctors
  • VIKAS MITRA SCHEME - Vehicle Loan To Milk Vendors & Others
  • VIKAS ANNAPOORNA - For Hotel & Restaurants
  • VIKAS NIRANTARA – DL on Pigmy
  • VIKAS SUVARNA – Jewel Loan Scheme
  • VIKAS KIRAN – Solar Home Lighting & Water Heating Systems loans[1]


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See also

References
  1. "KVG Bank wins award for solar lighting". Thehindu.com. 17 February 2011. Retrieved 2 July 2015.
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