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About Kaveri Grameena Bank

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About

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.

KGB Time Line
  • 2012 - The Bank was established as 'Kaveri Grameena Bank', on 1 November.
  • 2014 - Bank has recorded a growth rate of 36.52 per cent during 13-14.
  • 2014 - Bank launches financial inclusion scheme.
  • 2014 - Bank opens four branches in Mandya district.
  • 2015 - The Kaveri Grameena Bank has enrolled over 48,000 subscribers for the PMSBY in Mysore.
  • 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.
  • 2015 - The Kaveri Grameena Bank plans to extend internet and mobile banking services to its customers

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