Kaveri Grameena Bank

Kaveri Grameena Bank
Native name
 ಕಾವೇರಿ ಗ್ರಾಮೀಣ ಬ್ಯಾಂಕ್
Bank
Industry Banking, Insurance, Capital Markets and allied industries
Predecessor Cauvery Kalpatharu Grameena Bank, Chikmagalur Kodagu Grameena Bank and Vishvesvaraya Grameena Bank
Founded 1 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
Products Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes
Services Loans, 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]
Parent State Bank of India (holds 35.00% shares)
Website www.kaverigrameenabank.com

Kaveri Grameena Bank (Kannada:ಕಾವೇರಿ ಗ್ರಾಮೀಣ ಬ್ಯಾಂಕ್) is a Regional Rural Bank established under Regional Rural Banks’ Act 1976, is 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 is 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 with 8 IT officers

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.

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]

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.com. 2012-11-03.
  5. ↑ "Kaveri Grameena Bank records growth rate of 36.52 p.c." Thehindu.com. 2014-05-07.
  6. ↑ "Kaveri Grameena Bank net up 36.5% in FY14". Business Standard. 2014-05-06.
  7. ↑ "KGB launches financial inclusion scheme". Thehindu.com. 2014-08-14.
  8. ↑ "KGB opens four branches in Mandya district". Thehindu.com. 2014-10-31.
  9. ↑ "1.96 lakh enrol for Centre's two insurance schemes in Mysuru district". Thehindu.com. 2015-05-31.
  10. ↑ "Special drive to popularise social security schemes". Thehindu.com. 2015-07-17.
  11. ↑ "Kaveri Grameena Bank to introduce internet services". Thehindu.com. 2016-01-01.

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