Kaveri Grameena Bank

Last updated

Kaveri Grameena Bank
Company type Bank
Industry Banking, Insurance, Capital Markets and allied industries
PredecessorCauvery grameena bank, Cauvery Kalpatharu Grameena Bank, Chikmagalur Kodagu Grameena Bank and Vishvesvaraya Grameena Bank
Founded1 November 2012;
11 years ago
 (2012-11-01)
Defunct31 March 2019 (2019-03-31) merged with newly formed Karnataka Gramin Bank
Successor Karnataka Gramin Bank
Headquarters
Number of locations
502 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
ServicesLoans, Deposits, ATM Services, National Electronic Fund Transfer (NEFT), Internet Banking, Mobile Banking, Aadhaar Enabled Payment System, Debit Card [1]
Total assets [2]
Number of employees
1797 (as on 31 Mar 2016) [3]
Parent State Bank of India (35%)
Website karnatakagraminbank.com

Kaveri Grameena Bank was a Regional Rural Bank established under Regional Rural Banks' Act 1976, was 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 was operating in 22 Districts of South Karnataka, having its Head Office at Bellary City with Nine Regional Offices at Mysuru, Mandya, Bengaluru, Tumakuru, Hassan, Chamarajanagar, Madikeri, Chikmagulur and Ramanagara etc. [4]

Contents

The Bank was started as Cauvery Grameena bank and served Mysore, Hassan and Chamarajanagar districts. The bank was renamed as Kaveri Grameena Bank 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. [5] [6] [7]

The Headquarters of Kaveri Grameena Bank was located at Vijayanagar Second Stage, Mysore, which is now converted as IT Centre of Karnataka Gramin Bank, post merger. [8]

History

Year - event

See also

Related Research Articles

<span class="mw-page-title-main">Kaveri</span> River in southern India

The Kaveri is one of the major Indian rivers flowing through the states of Karnataka and Tamil Nadu. The Kaveri River rises at Talakaveri in the Brahmagiri range in the Western Ghats, Kodagu district of the state of Karnataka, at an elevation of 1,341 m above mean sea level and flows for about 800 km before its outfall into the Bay of Bengal. It reaches the sea in Poompuhar, in Mayiladuthurai district. It is the third largest river – after Godavari and Krishna – in southern India, and the largest in the state of Tamil Nadu, which, on its course, bisects the state into north and south. In ancient Tamil literature, the river was also called Ponni.

<span class="mw-page-title-main">Mandya</span> City in Karnataka, India

Mandya is a city in the state of Karnataka. It is the headquarter of Mandya district and is located 45 kilometres (28 mi) from Mysore and 100 kilometres (62 mi) from Bangalore.

<span class="mw-page-title-main">State Bank of Mysore</span> Former associate bank of State Bank of India

State Bank of Mysore was a Public Sector bank in India, with headquarters at Bangalore. It was one of the five associate banks of State Bank of India, all of which were consolidated with the State Bank of India with effect from 1 April 2017.

<span class="mw-page-title-main">Mysore district</span> District of Karnataka in India

Mysore district, officially Mysuru district, is an administrative district located in the southern part of the state of Karnataka, India. It is the administrative headquarters of Mysore division. Chamarajanagar District was carved out of the original larger Mysore District in the year 1998. The district is bounded by Chamrajanagar district to the southeast, Mandya district to the east and northeast, Kerala state to the south, Kodagu district to the west, and Hassan district to the north.

<span class="mw-page-title-main">Mysore division</span> Administrative division in Karnataka, India

Mysore division, officially Mysuru division, is an administrative division in the southern Indian state of Karnataka. It is one of four administrative divisions in Karnataka, the others being Bangalore division, Belagavi division, and Kalaburagi division. Mysore division comprises eight districts of Karnataka, namely, Chamarajanagar, Chikmagalur, Dakshina Kannada, Hassan, Kodagu, Mandya, Mysore and Udupi district. The city of Mysore is the administrative headquarters of the division. Mysore division covers parts of historical Old Mysore region and southern part of Coastal Karnataka.The total area of the division is 43,503 sq.km. The total population as of 2011 census is 12,563,598.

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.

<span class="mw-page-title-main">Bayalu Seeme</span>

Bayaluseeme or Bayalu Seeme is the area lying to the east of Malenadu, a region of Karnataka state in India. The area is largely open plain, with few hillocks. It includes the districts of Bangalore, Bagalkot, Bijapur, Chitradurga, Davanagere, Dharwad, Gadag, Hassan, Haveri, Mandya, Mysore, and Tumkur.

<span class="mw-page-title-main">Thirumakudalu Narasipura</span> Town in Karnataka, India

Tirumakudalu Narasipura the temple city of Karnataka, commonly known as T. Narasipura or T.N. Pura, is a town in Mysore district in the Indian state of Karnataka. The first name refers to the land at the confluence, (trimakuta in Sanskrit at the confluence of the Kaveri, Kabini and Spatika Sarovara.

<span class="mw-page-title-main">Regional rural bank</span> Government banks at regional level

Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance, Government of India, Sponsered 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.

<span class="mw-page-title-main">Halaguru</span> Town in Karnataka, India

Halaguru or Halagur is a town in the southern state of Karnataka, India.

Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India. The shares of these government-owned-banks are listed on stock exchanges. Their main objective is social welfare.

<span class="mw-page-title-main">Andhra Pragathi Grameena Bank</span>

Andhra Pragathi Grameena Bank is a Regional Rural Bank in India. It was established in 2006 as a Scheduled Commercial Bank as per Regional Rural Banks Act of 1976 to provide banking facilities in Ananthapuram, Kadapa, Kurnool, Nellore and Prakasam districts of Andhra Pradesh. It is under the ownership of Ministry of Finance, Government of India

<i>Mysooru Mithra</i> Kannada-language newspaper in Mysore, India

Mysuru Mithra is an Indian Kannada language morning daily newspaper published from Mysore, India. A regional newspaper, it covers five districts: Mysuru, Mandya, Kodagu, Hassan and Chamarajanagar. This newspaper was launched in 1978. Its founder, editor and publisher is entrepreneur and writer K B Ganapathy.

The Karnataka Vikas Grameena Bank (KVGB), an Indian Regional Rural Bank sponsored by Canara Bank. It is under the ownership of Ministry of Finance, Government of India. The bank provides retail banking services to rural users and has 629 branches in areas of Karnataka, around North and Western Karnataka.

<span class="mw-page-title-main">South Karnataka</span> Place in Karnataka, India

South Karnataka generally refers to the southern part of Karnataka state, excluding the coastal areas. It generally corresponds to former Mysore state. It is generally referred as Hale Mysuru Region in Kannada which translates to Old Mysore Region or OMR. Kannada dialect of South Karnataka is slightly different as compared to North Karnataka.

<span class="mw-page-title-main">Hanumanthanagar, Mysuru</span> Place in Karnataka, India

Hanumanthanagar is a locality in Bannimantap, a suburb of Mysore coming on the Northern side of the city. It is part of Mysore district in Karnataka state of India. Hanumanth Nagar is famous for the Jumbo Savari with the golden Howdah, a part of Mysore Dasara, which marks an end of the procession in Bannimantap via Highway Circle of Hanumanth Nagar.

<span class="mw-page-title-main">Vijayanagar, Mysore</span> Place in Karnataka, India

Vijayanagar and Hebbal are two areas of Mysore city in India. the growth of technology-related industry in the first decade of the 21st century has resulted in the city emerging as the second largest software exporter in the state of Karnataka, next to Bangalore.

Krishna Grameena Bank was an Indian Regional Rural Bank (RRB) established under 1976 Act for Regional Rural Banks. It was merged into Pragathi Krishna Gramin Bank in august 2013 which would later be merged into Karnataka Gramin Bank.

Pragathi Gramin Bank was a Regional Rural Bank established under Regional Rural Banks' Act 1976, was a Scheduled Bank jointly owned by Government of India, Canara Bank and Government of Karnataka, permitted to carry all kinds of banking business. The Bank was operating in 9 districts of Karnataka, having its Head Office at Ballari.

<span class="mw-page-title-main">Wellesley Bridge, Srirangapatna</span> Bridge in Srirangapatna

Wellesley Bridge, Srirangapatna is an ancient stone bridge built in 1804 on the Highway road leading to Bangalore from Mysore in the state of Karnataka. This stone bridge is built across the north bank of the Cauvery River. When built it was the main first artery approach to the island town of Srirangapatna which was initially the capital city of the Wodeyar Dynasty of Mysore Kingdom after the death of Tipu Sultan in 1799. The bridge was dedicated to Marquis Wellesley who was the Governor-General of British India when it was completed, and it was inaugurated in October 1804. It was built under the overall supervision of Dewan, Purnaiah of the Kingdom of Mysore, as directed by the King Mummadi Krishnaraja Wodeyar.

References

  1. "Performance Highlights". Archived from the original on 1 August 2015. Retrieved 3 November 2015.
  2. "About". Archived from the original on 27 January 2016. Retrieved 3 November 2015.
  3. "BANK TECHNOLOGY – kaverigrameenabank". Archived from the original on 28 April 2017. Retrieved 27 April 2017.
  4. "Wipro to tech-ready 1,167 branches of Karnataka Gramin Bank". The Hindu. 18 March 2020. ISSN   0971-751X . Retrieved 10 October 2021.
  5. "Google News". Google News. Retrieved 10 October 2021.
  6. https://sbi.co.in/documents/17826/34475/1364204943265_BASE_II_DISCLOSURE_311212_ENGLISH.pdf [ bare URL PDF ]
  7. https://financialservices.gov.in/sites/default/files/rrbrulesforappointmentsandpromotions2010_1.pdf [ bare URL PDF ]
  8. "Annual day of Kaveri Grameena Bank today – Mysuru Today" . Retrieved 10 October 2021.
  9. "Bank merge". Thehindu. 3 November 2012.
  10. https://rajyasabha.nic.in/Documents/session_journals/sessionno/227/13122012.pdf [ bare URL PDF ]
  11. https://rbidocs.rbi.org.in/rdocs/publications/pdfs/84656.pdf [ bare URL PDF ]
  12. "Kaveri Grameena Bank records growth rate of 36.52 p.c." Thehindu. 7 May 2014.
  13. "Kaveri Grameena Bank net up 36.5% in FY14". Business Standard. 6 May 2014.
  14. Reporter, B. S. (6 May 2014). "Kaveri Grameena Bank net up 36.5% in FY14". Business Standard India. Retrieved 10 October 2021.
  15. "KGB launches financial inclusion scheme". Thehindu. 14 August 2014.
  16. "KGB opens four branches in Mandya district". Thehindu. 31 October 2014.
  17. "1.96 lakh enrol for Centre's two insurance schemes in Mysuru district". Thehindu. 31 May 2015.
  18. "Special drive to popularise social security schemes". Thehindu. 17 July 2015.
  19. "Kaveri Grameena Bank to introduce internet services". Thehindu. 1 January 2016.
  20. Vinayak, A. J. (7 February 2019). "2 RRBs in Karnataka to be amalgamated". @businessline. Retrieved 10 October 2021.