Company type | Regional rural bank |
---|---|
Industry | Banking Financial services |
Predecessor | Varada Grameena Bank Netravati Grameena Bank Bijapur Grameena Bank Malaprabha Grameena Bank |
Founded | 12 September 2005 |
Headquarters | |
Number of locations | 629 branches (2024) |
Area served | Karnataka, India |
Key people | Shrikant M Bhandiwad (Chairman ) |
Products | |
Owner | Government of India |
Number of employees | 3500 |
Parent | Ministry of Finance, Government of India |
Website | www |
The Karnataka Vikasa Grameena Bank (KVGB) is an Indian Regional Rural Bank sponsored by Canara Bank. It is under the ownership of the Ministry of Finance, Government of India. The bank provides retail banking services to rural users and has 629 branches in North and Western Karnataka.
The bank was constituted on 12 September 2005 after the amalgamation of four Regional Rural Banks (RRBs) namely Malaprabha Grameena Bank, Bijapur Grameena Bank, Varada Grameena Bank and Netravathi Grameena Banks, as per the recommendations of the Narasimhan Committee, under a Government of India notification dated 12 September 2005. All four amalgamated RRBs were sponsored by Syndicate Bank(Now Canara Bank) and were located in Karnataka.
At the time of amalgamation in 2005, the bank’s business was Rs. 23,263.73 Crore. It was named the Karnataka Vikasa Grameena Bank. Its head office is at Dharwad. It is functioning under the sponsorship of Syndicate Bank (now Canara Bank). Shreekant M Bhandiwad, Deputy General Manager of Canara Bank, took charge as the Chairman of the Karnataka Vikasa Grameena Bank (KVGB) on April 24, 2023. Prior to his becoming Chairman of KVGB, Bhandiwad headed the Patna circle of Canara Bank. He was the Deputy Managing Director of Canfin Homes Ltd for a period of three years.
For operational convenience, the bank has set up 10 Regional Offices at Bagalkot, Belagavi, Vijayapura, Chikodi, Dharwad, Gadag, Gokak, Haveri, Kumta & Mangaluru. The bank is operating in almost 1/3rd of the geographical area of Karnataka state, consisting of 6 districts of northern Karnataka and 3 districts of coastal Karnataka. The 6 northern districts are Vijayapur, Bagalkote, Belagavi, Dharwad, Gadag, Haveri and the 3 coastal districts are Uttara Kannada, Udupi & Dakshina Kannada.
The total business of the bank stands at Rs. 35,884 Crores as on 31.03.2024, consisting of Rs. 19,856 Crores deposits and advances of Rs. 16,027 Crores. It has Reserves of Rs. 1,368.61 Crores.
The 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:-
Kanara or Canara, also known as Karavali, is the historically significant stretch of land situated by the southwestern Konkan coast of India, alongside the Arabian Sea in the present-day Indian state of Karnataka. The subregion comprises three civil districts, namely: Uttara Kannada, Udupi, and Dakshina Kannada. Kasaragod was included prior to the States Reorganisation Act.
Bijapur is the district headquarters of Bijapur district of the Karnataka state of India. It is also the headquarters for Bijapur Taluk. Bijapur city is well known for its historical monuments of architectural importance built during the rule of the Adil Shahi dynasty. It is also well known for the popular Karnataka premier league team, the Bijapur Bulls. Bijapur is located 519 km (322 mi) northwest of the state capital Bangalore and about 550 km (340 mi) from Mumbai and 210 km (130 mi) north east of the city of Belgaum.
Syndicate Bank was one of the oldest major commercial banks in India. It was founded by Upendra Ananth Pai, T. M. A. Pai and Vaman Srinivas Kudva. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969, by the government of India. It was headquartered in the university town of Manipal, India. On 1 April 2020, the bank was merged into Canara Bank.
Canara Bank is an Indian public sector bank based in Bangalore, India. Established in 1906 at Mangalore by Ammembal Subba Rao Pai. The bank was nationalized in 1969. Canara Bank also has offices in London, Dubai and New York.
Belagavi (Belgaum) division is one of the four divisions of Karnataka state of India. The division comprises the districts of Bagalkot, Belgavi, Bijapur, Dharwad, Gadag, Haveri and Uttara Kannada. It covers a geographical area of 44,538 square kilometres (17,196 sq mi) and had a population of 13,499,721 at the 2011 census. The population density of the division was 239 per square kilometre (620/sq mi).
Karnatak University was established at Dharwad in the Indian state of Karnataka in October 1949. It had its official inauguration in March 1950. The campus spans 888 acres (3.59 km2). Dr. D. C. Pavate was the vice-chancellor from 1954 to 1967. The rapid development of the institution is credited to him.
Ramdurg is a town in Belagavi district in the Indian state of Karnataka. The name of the town derives from Rama, as it is believed that Lord Ram, lived here during his exile. The town gives its name to Ramdurg taluka, a subdivision of Belagavi district.
North Karnataka is a geographical region in Deccan plateau from 300 to 730 metres elevation that constitutes the region of the Karnataka state in India and the region consists of 13 districts. It is drained by the Krishna River and its tributaries the Bhima, Ghataprabha, Malaprabha, and Tungabhadra. North Karnataka lies within the Deccan thorn scrub forests ecoregion, which extends north into eastern Maharashtra.
The Indian State of Karnataka is located between 11°30' North and 18°30' North latitudes and between 74° East and 78°30' East longitude.It is situated on a tableland where the Western Ghats and Eastern Ghats converge into the complex, in the western part of the Deccan Peninsular region of India. The State is bounded by Maharashtra and Goa States in the north and northwest; by the Lakshadweep Sea in the west; by Kerala in the south-west and Tamil Nadu in the south and south-east, Andhra Pradesh in the south-east and east and Telangana in the north-east. Karnataka extends to about 850 km (530 mi) from north to south and about 450 km (280 mi) from east to west.
University of Agricultural Sciences, Dharwad (UASD) is a state agriculture university established by the Government of Karnataka which imparts education, research and extension activities in the fields of agriculture, forestry, food science, agricultural marketing and home science.
The state of Karnataka, particularly the coastal districts of Dakshina Kannada and Udupi, historically and collectively known as South Canara, is called the cradle of banking in India. This is because seven of the country's leading banks, Canara Bank, Syndicate Bank, Corporation Bank, Vijaya Bank, Karnataka Bank, Vysya Bank and the State Bank of Mysore originated from this state. The first five in the above list of banks were established in the districts of Udupi and Dakshina Kannada. These districts have one among the best distribution of banks in India - a branch for every 500 persons. Between 1880 and 1935, 22 banks were established in coastal Karnataka, nine of them in the city of Mangalore.
Regional rural banks (RRBs) are government owned scheduled commercial banks of India that operate at the regional level in different states of India. These banks are under the ownership of the Ministry of Finance, Government of India, Sponsored Bank and concerned State Government in the ratio of 50:35:15 respectively. They were created to serve rural areas with basic banking and financial services. However, RRBs also have urban branches.
The following outline is provided as an overview of and topical guide to Karnataka:
Gadag Junction railway station is a NSG-4 Category railway station under South Western Railway in Gadag district, Karnataka. It serves Gadag-Betageri. The station consists of three platforms. The station lies on Guntakal–Vasco da Gama section HDN-7A and also connects the Gadag–Hotgi railway line. The Gadag–Hotgi railway line was converted from metre gauge to broad gauge in December 2008.
The Electricity Supply Companies, also known as ESCOMs, are responsible for electric power distribution in state of Karnataka. Its origin was in Karnataka Electricity Board. This distribution entity was incorporated to provide efficient and reliable electric power supply to the people of Karnataka state
Hallihole , is a village situated in Byndoor Taluk, Udupi District. Village has population of 2328 as per census data of 2011, in which male population is 1103 and female population is 1225. Total geographical area of Hallihole village is 2930.23 Hectares. Population density of Hallihole is 1 persons per Hectares. Total number of house hold in village is 495. As per the Census Data 2011 there are 1111 females per 1000 males out of 2328 total population of village. There are 1470 girls per 1000 boys under 6 years of age in the village. Out of total population total 1548 people in Hallihole Village are literate, among them 816 are male and 732 are female in the village. Total literacy rate of Hallihole is 72.92%, for male literacy is 80% and for female literacy rate is 66.36%.
Pragathi Gramin Bank was an Indian Regional Rural Bank (RRB) established under Regional Rural Banks' Act 1976. The bank was permitted to carry all kinds of banking business and provided banking services to individuals and small businesses.
Rajyotsava Awards are awarded every year on November 1, the eve of Karnataka Rajyotsava, the day Karnataka State was formed.