Karnataka Vikas Grameena Bank

The Karnataka Vikas Grameena Bank (KVGB), a Regional Rural 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 and were located in Karnataka. The bank, thus formed, currently has 622 branches in rural areas of Karnataka, around Dharwad. After amalgamation, the level of the bank’s business was around 23263.73 Crores. After the merger, the RRB is called Karnataka Vikas Grameena Bank with its head office at Dharwad under the sponsorship of Syndicate Bank.S. Ravindran, General Manager of Syndicate Bank, took charge as the new Chairman of Karnataka Vikas Grameena Bank (KVGB), a Dharwad-headquartered regional rural bank, on Monday. He was heading the Mumbai region of Syndicate Bank before joining KVGB.Apr 11, 2016

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:-

  • Bagalkote
  • Belagavi
  • Vijayapura (Bijapura)
  • Dakshina Kannada
  • Dharwad
  • Gadaga
  • Haveri
  • Udupi
  • Uttara kannada

Products and services

The deposit products of the bank constitutes:[1]

  • Savings Bank Account
  • Vikas Premium Savings Bank Account
  • Vikas Special Premium Savings Bank Account
  • Jeevan Prabha SB Account
  • Current Account
  • Sanchayani Deposit
  • Fixed Deposits
  • Akshaya Cash Certificate
  • Nirantara Deposit
  • Vikas Premium Flexi Deposit
  • Vikas Special Premium Fixed Deposit
  • VikasTax Saving Deposit

The bank also provides several loan products and services such as:

  • VikasTax Saving Deposit
  • VIKAS NIRANTARA – DL on Pigmy
  • VIKAS SUVARNA – Jewel Loan and Over Draft
  • VIKAS LAGHU UDYAMI CREDIT CARD – Laghu Udyami Credit Card
  • VIKAS SWAROJGAR CREDIT CARD – Swarojgar Credit Card
  • VIKAS KIRAN – Solar Home Lighting & Water Heating Systems
  • VIKAS KALYANA -Loan on pledge of Agriculture Produces

Awards

Karnataka Vikas Grameena Bank was chosen for the award for excellent performance in implementation of the solar home lighting scheme of the Ministry of New and Renewable Energy (MNRE), Government of India.[2]

See also

References

  1. ↑ "Loves Me... Loves Me Not (1993)". IMDb.com. Retrieved 2015-07-02.
  2. ↑ "KVG Bank wins award for solar lighting". Thehindu.com. 2011-02-17. Retrieved 2015-07-02.
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