Krishna Grameena Bank

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Krishna Grameena Bank
Type Bank
Industry Banking, Insurance, Capital Markets and allied industries
Founded1 December 1978;
43 years ago (1978-12-01)
Defunct23 August 2013 (2013-08-23) merged with newly formed Pragathi Krishna Gramin Bank
Successor Pragathi Krishna Gramin Bank
Headquarters
Kalaburagi
Area served
 Karnataka
Products Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes
ServicesLoans, Deposits, ATM Services, National Electronic Fund Transfer (NEFT), Internet Banking, Debit Card
Parent SBI (35%)
Website krishnagrameenabank.com

Krishna Grameena Bank was a Regional Rural Bank (RRB) established under 1976 Act for Regional Rural Banks, was a Scheduled Rural Bank owned by SBI (35%), Government of India (50%) and Government of Karnataka (15%), working as per instructions of the Reserve Bank and carries out multiple types of transactions in banking business. The Bank was operating in Kalaburagi, Bidar and Yadgir districts of Karnataka, and was headquartered at Kalaburagi. [1] [2]

Contents

RRBs were setup specially to cater to the basic banking needs of rural people, to enhance rural economy and development of the rural areas and to ensure the employment for the people from Rural sector. Alike Public Sector Banks, RRBs are established by GOI and are also the Scheduled Banks, since they work as per the rules of the Reserve Bank. [3] [4]

Krishna Grameena Bank had 119 branches, out of which 94 were in rural areas and bagged Third Prize from National Bank for Agriculture and Rural Development for fulfilling the guidelines of NABARD under SHG Bank Linkage Program in Karnataka state (2005/2006). Krishna Grameena Bank was one among the two Regional Rural Banks in India, picked by NABARD for execution of Pilot basis Smart Cards, where Micro-Processor Cards were used by members of SHG to check the account balances in their Savings bank account and to withdraw cash from their respective Savings bank accounts avoiding the intervention of the Bank staff or Rural Devel Officer. [5] [6]

Krishna Grameena Bank was established with Head Office at Kalaburagi on 1 December 1978. [5] [7]

It was merged with Pragathi Gramin Bank to form Pragathi Krishna Gramin Bank on 23 August 2013. [8] [9] [10]

See also

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References

  1. ↑ Bank, Krishna Gramin Bank (13 February 2010). "ABOUT US". Krishna Grameena Bank. Archived from the original on 15 October 2013.
  2. ↑ "Krishna Grameena Bank - Branches, ATMs, IFSC Codes, MICR Codes, Swift Codes". www.getbankcode.com. Retrieved 21 December 2021.
  3. ↑ Bank, Krishna Gramin Bank (13 February 2010). "ABOUT US". Krishna Grameena Bank. Archived from the original on 15 October 2013.
  4. ↑ https://sbi.co.in/documents/17826/34475/1364204943265_BASE_II_DISCLOSURE_311212_ENGLISH.pdf [ bare URL PDF ]
  5. 1 2 Bank, Krishna Gramin Bank (15 October 2013). "ABOUT US". Krishna Grameena Bank. Archived from the original on 15 October 2013.
  6. ↑ Bank, Krishna Gramin Bank (13 February 2010). "ABOUT US". Krishna Grameena Bank. Archived from the original on 15 October 2013.
  7. ↑ https://rajyasabha.nic.in/Documents/session_journals/sessionno/227/13122012.pdf [ bare URL PDF ]
  8. ↑ Bank, Pragathi Krishna Gramin Bank (3 January 2014). "ABOUT US". Pragathi Krishna Gramin Bank. Archived from the original on 24 September 2019.
  9. ↑ Bank, Krishna Gramin Bank (1 October 2013). "ABOUT US". Krishna Grameena Bank. Archived from the original on 10 December 2021.
  10. ↑ "Karnataka RRBs merged post ministry notification". The Economic Times. Retrieved 21 December 2021.
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