Kaveri Grameena Bank Explained

Type:	Bank
Predecessor:	Cauvery grameena bank, Cauvery Kalpatharu Grameena Bank, Chikmagalur Kodagu Grameena Bank and Vishvesvaraya Grameena Bank
Successor:	Karnataka Gramin Bank
Defunct:	merged with newly formed Karnataka Gramin Bank
Area Served:	Karnataka
Key People:	Chairman: Mr Bhuvanendra Takoor General Manager (Administration): Bhaskar Rao P
Industry:	Banking, Insurance, Capital Markets and allied industries
Products:	Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes
Services:	Loans, Deposits, ATM Services, National Electronic Fund Transfer (NEFT), Internet Banking, Mobile Banking, Aadhaar Enabled Payment System, Debit Card^[1]
Assets:	^[2]
Num Employees:	1797 (as on 31 Mar 2016)^[3]
Parent:	State Bank of India (35%)
Location Country:	Mysore
Locations:	502 Branches in 10 Districts of South Karnataka Head Office: Mysore

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]

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

• 2012 - The Bank was established as 'Kaveri Grameena Bank', on 1 November in South Karnataka (Headquartered at Mysuru).^{[9] [10] [11]}
• 2014 - Bank has recorded a growth rate of 36.52 per cent during 13–14.^{[12] [13] [14]}
• 2014 - Bank launches financial inclusion scheme.^[15]
• 2014 - Bank opens four branches in Mandya district.^[16]
• 2015 - The Kaveri Grameena Bank has enrolled over 48,000 subscribers for the PMSBY in Mysore.^[17]
• 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.^[18]
• 2015 - The Kaveri Grameena Bank plans to extend internet and mobile banking services to its customers.^[19]
• 2019 - The Kaveri Grameena bank amalgamated with Pragathi Krishna Gramin Bank to form Karnataka Gramin bank.^[20]

See also

• Indian banking
• List of banks in India
• Pragathi Gramin Bank
• Karnataka Gramin Bank

External links

• Official Website
• Internet Banking

Notes and References

1. Web site: Performance Highlights . 3 November 2015 . 1 August 2015 . https://web.archive.org/web/20150801064940/http://www.kaverigrameenabank.com/index.php/about-us/performance-highlights . dead .
2. Web site: About . 3 November 2015 . 27 January 2016 . https://web.archive.org/web/20160127103455/http://kaverigrameenabank.com/index.php/about . dead .
3. Web site: BANK TECHNOLOGY – kaverigrameenabank . 27 April 2017 . 28 April 2017 . https://web.archive.org/web/20170428142321/http://www.kaverigrameenabank.com/?page_id=2340 . dead .
4. News: 2020-03-18. Wipro to tech-ready 1,167 branches of Karnataka Gramin Bank. en-IN. The Hindu. 2021-10-10. 0971-751X.
5. Web site: Google News. 2021-10-10. Google News. en.
6. https://sbi.co.in/documents/17826/34475/1364204943265_BASE_II_DISCLOSURE_311212_ENGLISH.pdf
7. https://financialservices.gov.in/sites/default/files/rrbrulesforappointmentsandpromotions2010_1.pdf
8. Web site: Annual day of Kaveri Grameena Bank today – Mysuru Today. 2021-10-10. en-US.
9. Web site: Bank merge . Thehindu. 3 November 2012.
10. https://rajyasabha.nic.in/Documents/session_journals/sessionno/227/13122012.pdf
11. https://rbidocs.rbi.org.in/rdocs/publications/pdfs/84656.pdf
12. Web site: Kaveri Grameena Bank records growth rate of 36.52 p.c. . Thehindu. 7 May 2014.
13. News: Kaveri Grameena Bank net up 36.5% in FY14 . Business Standard. 6 May 2014.
14. News: Reporter. B. S.. 2014-05-06. Kaveri Grameena Bank net up 36.5% in FY14. Business Standard India. 2021-10-10.
15. Web site: KGB launches financial inclusion scheme . Thehindu. 14 August 2014.
16. Web site: KGB opens four branches in Mandya district . Thehindu. 31 October 2014.
17. Web site: 1.96 lakh enrol for Centre's two insurance schemes in Mysuru district . Thehindu. 31 May 2015.
18. Web site: Special drive to popularise social security schemes . Thehindu. 17 July 2015.
19. Web site: Kaveri Grameena Bank to introduce internet services . Thehindu. 1 January 2016.
20. Web site: Vinayak. A. J.. 2 RRBs in Karnataka to be amalgamated. 2021-10-10. @businessline. 7 February 2019 . en.