Kaveri Grameena Bank

Kaveri Grameena Bank (Kannada:ಕಾವೇರಿ ಗ್ರಾಮೀಣ ಬ್ಯಾಂಕ್) was a Regional Rural Bank established under Regional Rural Banks' Act 1976, was a Scheduled Bank jointly owned by Government of India, State Bank of India(formerly by State Bank of Mysore) and Government of Karnataka (share capital contributed in the ratio of 50 :35:15 respectively), permitted to carry all kinds of banking business. The Bank was operating in 10 Districts of South Karnataka, having its Head Office at Mysore City with Nine Regional Offices at Mysuru, Mandya, Bengaluru, Tumakuru, Hassan, Chamarajanagar, Madikeri, Chikmagulur and Ramanagara

Kaveri Grameena Bank
Native name
ಕಾವೇರಿ ಗ್ರಾಮೀಣ ಬ್ಯಾಂಕ್
Bank
IndustryBanking, Insurance, Capital Markets and allied industries
PredecessorCauvery Kalpatharu Grameena Bank, Chikmagalur Kodagu Grameena Bank and Vishvesvaraya Grameena Bank
Founded1 November 2012 (2012-11-01) as Kaveri Grameena Bank
Headquarters
Mysore
Number of locations
502 Branches in 10 Districts of South Karnataka
Head Office: Mysore
Area served
Karnataka
Key people
  • Chairman: Mr Bhuvanendra Takoor
  • General Manager (Administration): Bhaskar Rao P
ProductsDeposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes
ServicesLoans, Deposits, ATM Services, National Electronic Fund Transfer (NEFT), Internet Banking, Mobile Banking, Aadhaar Enabled Payment System, Debit Card[1]
Total assets[2]
Number of employees
1797 (as on 31 Mar 2016)[3]
ParentState Bank of India (holds 35.00% shares)
Websitekaverigrameenabank.com

The Bank came into existence on 1 November 2012 (Sponsored by State Bank of Mysore) by Amalgamation of Cauvery Kalpatharu Grameena Bank, Chikmagalur Kodagu Grameena Bank and Vishvesvaraya Grameena Bank, Sponsored by State Bank of Mysore, Corporation Bank and Vijaya Bank respectively.

Kaveri grameena bank and pragathi kirishna gramin bank amalgamated to form karnataka gramin bank with its headquarter at ballari wef 01/04/2019

Hence Kaveri grameena bank along with pragathi krishna gramin bank which were amalgamated ceased to exist from 01/04/2019 and a new entity Karnataka gramin bank came into existence from 01/04/2019

History

Year - event

  • 2012 - The Bank was established as 'Kaveri Grameena Bank', on 1 November.[4]
  • 2014 - Bank has recorded a growth rate of 36.52 per cent during 13–14.[5][6]
  • 2014 - Bank launches financial inclusion scheme.[7]
  • 2014 - Bank opens four branches in Mandya district.[8]
  • 2015 - The Kaveri Grameena Bank has enrolled over 48,000 subscribers for the PMSBY in Mysore.[9]
  • 2015 - Kaveri Grameena Bank has enrolled 1,01,104 subscribers to the insurance schemes underlining the popularity of the social security schemes in rural areas.[10]
  • 2015 - The Kaveri Grameena Bank plans to extend internet and mobile banking services to its customers.[11]

2019 the kaveri grameena bank amalgamated with pragathi krishna grameena bank to form karnatraka gramin bank

See also

References
  1. http://www.kaverigrameenabank.com/index.php/about-us/performance-highlights
  2. http://www.kaverigrameenabank.com/index.php/about
  3. http://www.kaverigrameenabank.com/?page_id=2340
  4. "Bank merge". Thehindu. 3 November 2012.
  5. "Kaveri Grameena Bank records growth rate of 36.52 p.c." Thehindu. 7 May 2014.
  6. "Kaveri Grameena Bank net up 36.5% in FY14". Business Standard. 6 May 2014.
  7. "KGB launches financial inclusion scheme". Thehindu. 14 August 2014.
  8. "KGB opens four branches in Mandya district". Thehindu. 31 October 2014.
  9. "1.96 lakh enrol for Centre's two insurance schemes in Mysuru district". Thehindu. 31 May 2015.
  10. "Special drive to popularise social security schemes". Thehindu. 17 July 2015.
  11. "Kaveri Grameena Bank to introduce internet services". Thehindu. 1 January 2016.
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