Karnataka Vikas Grameena Bank


The Karnataka Vikas Grameena Bank, an Indian Regional Rural Bank Sponsored by Canara Bank. The bank provides retail banking services to rural users and has 633 branches in areas of Karnataka, around Dharwad.

History

The bank was constituted on 12 September 2005 after amalgamation of four Regional Rural Banks 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.
After amalgamation in 2005, the level of the bank’s business was around 23263.73 Crore. After the merger, the RRB was named Karnataka Vikas Grameena Bank with its head office at Dharwad under the sponsorship of Syndicate Bank. Puttaganti Gopi Krishna, General Manager of Syndicate Bank, took charge as the new Chairman of Karnataka Vikas Grameena Bank, a Dharwad-headquartered Regional Rural Bank, on July 22, 2019.

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:-

SAVING ACCOUNTS