| Karnataka Vikas Grameena Bank | |
| Type: | Regional rural bank |
| Industry: | Banking Financial services |
| Predecessor: | Varada Grameena Bank Netravati Grameena Bank Bijapur Grameena Bank Malaprabha Grameena Bank |
| Successors: | --> |
| Founders: | --> |
| Hq Location City: | Dharwad, Karnataka, India |
| Area Served: | Karnataka, India |
| Num Locations: | 629 branches (2024) |
| Key People: | Shrikant M Bhandiwad (Chairman) |
| Owner: | Government of India |
| Num Employees: | 3500 |
| Parent: | Ministry of Finance, Government of India |
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.
The bank was constituted on 12 September 2005 after amalgamation of four Regional Rural Banks (RRBs) namely Malaprabha Grameena Bank, Bijapur(Vijayapura) 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(Now Canara 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. Shreekant M Bhandiwad, Deputy General Manager of Canara Bank, took charge as the new Chairman of Karnataka Vikas Grameena Bank (KVGB), on April 24, 2023. Prior to his joining as 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, Bijapur (Vijayapur), Chikkodi, Dharwad, Gadag, Gokak, Haveri, Kumta (Uttar Kannada) & Mangaluru (Dakshin Kannada). 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, Bagalkot, Belagavi, Dharwad, Gadag, Haveri and 3 coastal districts are Uttara Kannada, Udupi & Dakshina Kannada
The total business of the Bank stands at Rs. 35884 Crore as on 31.03.2024, consisting of Rs. 19856 Crores deposits and Advances of Rs. 16027 Crores and has Reserves of Rs. 1368.61 Crores.
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:-