Draft:Karnataka Gramina Bank
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|  |
| Company type | Regional Rural Bank |
|---|---|
| Founded | 12 September 2005 |
Area served | Karnataka |
| Total assets |  ₹61,203 crore (as per 2023)[1] |
| Owner |
|
Number of employees | 3,000+ (2024)[2] |
| Website | karnatakagrameenabank |
Karnataka Grameena Bank (also spelled as Karnataka Gramin Bank) (KGB) is a Regional Rural Bank established on 1 May 2025 through the merger of Karnataka Vikas Grameena Bank and Kaveri Grameena Bank.
History
[edit]Origins
[edit]The bank traces its history to 12 September 2005 with the formation of Karnataka Vikas Grameena Bank.[3]
2024 Merger
[edit]The merger was formalized through Gazette Notification No. F.No.1/2/2023-RRB dated 31 March 2024[4] and took effect on 1 May 2024.[5]
Background History
[edit]Origins
[edit]The bank traces its institutional lineage to 12 September 2005 when Karnataka Vikas Grameena Bank (KVGB) was formed by amalgamating four regional rural banks.[6]
2024 Merger
[edit]The unified entity was created via Gazette Notification No. F.No.1/2/2023-RRB[7] as part of India's "One State One RRB" policy.[8]
Operations
[edit]As of 2023:
Digital Initiatives
[edit]- Mobile ATMs (2019): 4 vans serving 30+ villages in Dharwad district.[12]
- Core Banking (2020): Wipro-led tech upgrade of all branches.[9]
Governance
[edit]Listed as an active RRB by:[13]
- Ministry of Finance (50%)
- Canara Bank (35%)
- Government of Karnataka (15%)
External links
[edit]References
[edit]- ^ "Karnataka Gramin Bank achieves ₹61,203 crore total business in 2022-23". The Hindu. 15 June 2023. Retrieved 20 July 2024.
- ^ "Karnataka to have one Regional Rural Bank after Centre enforces merger". Deccan Herald. 1 May 2024. Retrieved 20 July 2024.
- ^ "Origin and History". Karnataka Grameena Bank. Archived from the original on 20 July 2024. Retrieved 20 July 2024.
- ^ Staff Reporter (1 May 2024). "Unified Karnataka Grameena Bank to come into existence on May 1". The Hindu. Archived from the original on 20 July 2024. Retrieved 20 July 2024.
- ^ "One State One RRB merger list". Zee News. 1 May 2024. Retrieved 20 July 2024.
- ^ "Origin". Karnataka Grameena Bank. Archived from the original on 2024-07-20. Retrieved 2024-07-20.
- ^ "Merger Notification" (PDF). Ministry of Finance. 31 March 2024.
- ^ "One State One RRB: Regional Rural Banks merger from May 1 - Check list of 26 banks to be merged (includes Karnataka Grameena Bank)". Zee News. 1 May 2024. Archived from the original on 20 July 2024. Retrieved 20 July 2024.
- ^ a b "Wipro to tech-ready 1,167 branches". The Hindu. 7 July 2025.
- ^ "Karnataka Gramin Bank achieves ₹61,203 crore total business". The Hindu. 15 June 2023.
- ^ "Karnataka Gramin Bank's business grows 7%". Business Line. 16 June 2023.
- ^ "Mobile ATMs push digitisation". ANI. 7 November 2019.
- ^ "List of RRBs". Ministry of Finance, Government of India. Retrieved 2024-07-20.