Kaveri Grameena Bank

Kaveri Grameena Bank
Native name	ಕಾವೇರಿ ಗ್ರಾಮೀಣ ಬ್ಯಾಂಕ್
Type	public sector bank sponsored by State bank of mysore
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	473 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, Debit Card^[1]
Total assets	^[2]
Number of employees	1846 (as on 02 Nov 2015)
Parent	State Bank of Mysore (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 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 eight Regional Offices at Mysore, Mandya, Bangalore, Tumkur, Hassan, Chamarajanagar, Madikeri and Chikmangulur 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.^[3]
2014 - Bank has recorded a growth rate of 36.52 per cent during 13-14.^[4]^[5]
2014 - Bank launches financial inclusion scheme.^[6]
2014 - Bank opens four branches in Mandya district.^[7]
2015 - The Cauvery Grameena Bank has enrolled over 48,000 subscribers for the PMSBY in Mysore.^[8]
2015 - Kavery Grameena Bank has enrolled 1,01,104 subscribers to the insurance schemes underlining the popularity of the social security schemes in rural areas.^[9]
2015 - The Kaveri Grameena Bank plans to extend internet and mobile banking services to its customers.^[10]

References

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

External links

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Kaveri Grameena Bank

History

See also

References

External links