Kalpana Kalpana (Editor)

Kaveri Grameena Bank

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Native name
  
ಕಾವೇರಿ ಗ್ರಾಮೀಣ ಬ್ಯಾಂಕ್

Motto
  
ನಿಮ್ಮ ನಂಬಿಕೆಯೇ ನಮ್ಮ ಆಸ್ತಿ

Number of employees
  
1,846

Parent organization
  
State Bank of Mysore

Area served
  
Date founded
  
1 November 2012

Headquarters
  
Kaveri Grameena Bank ibpsregsifyitestcomkvgbjan13imageslogojpg

Type
  
public sector bank sponsored by State bank of mysore

Industry
  
Banking, Insurance, Capital Markets and allied industries

Predecessor
  
Cauvery Kalpatharu Grameena Bank, Chikmagalur Kodagu Grameena Bank and Vishvesvaraya Grameena Bank

Number of locations
  
473 Branches in 10 Districts of South KarnatakaHead Office: Mysore

Kaveri grameena bank


Kaveri Grameena Bank (Kannada:ಕಾವೇರಿ ಗ್ರಾಮೀಣ ಬ್ಯಾಂಕ್) is a Regional Rural Bank established under Regional Rural Banks’ Act 1976, is a Scheduled Bank jointly owned by Government of India, 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 is operating in 10 Districts of South Karnataka, having its Head Office at Mysore City with eight Regional Offices at Mysore, Mandya, Bangalore, Tumkur, Hassan, Chamarajanagar, Madikeri and Chikmangulur with 8 IT officers

Contents

The Bank came into existence 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.

History

Year - event

  • 2012 - The Bank was established as 'Kaveri Grameena Bank', on 1 November.
  • 2014 - Bank has recorded a growth rate of 36.52 per cent during 13-14.
  • 2014 - Bank launches financial inclusion scheme.
  • 2014 - Bank opens four branches in Mandya district.
  • 2015 - The Cauvery Grameena Bank has enrolled over 48,000 subscribers for the PMSBY in Mysore.
  • 2015 - Kavery Grameena Bank has enrolled 1,01,104 subscribers to the insurance schemes underlining the popularity of the social security schemes in rural areas.
  • 2015 - The Kaveri Grameena Bank plans to extend internet and mobile banking services to its customers.
  • References

    Kaveri Grameena Bank Wikipedia