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Karnataka Grameena Bank

Karnataka Grameena Bank
Native name
ಕರ್ನಾಟಕ ಗ್ರಾಮೀಣ ಬ್ಯಾಂಕ್
Company typeRegional Rural Bank
IndustryFinancial
Regional Rural Banks
Predecessor
FoundedMay 1, 2025; 3 months ago (2025-05-01)
Headquarters
Ballari, Karnataka
,
India
Number of locations
1751 Branches
Area served
Karnataka
Key people
Sri Shrikant M Bhandiwad (Chairman)[1]
Products
Services
OwnerGovernment of India (50%)

Government of Karnataka (15%)

Canara Bank (35%)
Number of employees
8200
ParentMinistry of Finance, Government of India
Websitekarnatakagrameenabank.com

The Karnataka Grameena Bank is an Indian Regional Rural Bank (RRB) in Karnataka established on 1 May 2025.[2][3] The bank was formed by the amalgamation of Karnataka Gramin Bank and Karnataka Vikas Grameena Bank under The "One State, One RRB"[4] policy of government designed to improve operational efficiency. The two banks have been amalgamated to form the unified Karnataka Grameena Bank. The newly-formed Karnataka Grameena Bank will continue to be government owned, with the central government holding a 50% stake, the state government 15% and Canara Bank (sponsor bank) 35%. The bank's services will now be extended across Karnataka, making it the second-largest regional rural rank in India with 1,751 branches and a business turnover of ₹1,04,851 crore.

It functions under Regional Rural Banks' Act 1976 and is sponsored by Canara Bank.

Karnataka Gramin Bank

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Pragathi Krishna Gramin Bank and Kaveri Grameena Bank merged with name Karnataka Gramin Bank w.e.f 01.04.2019 and is sponsored by Canara Bank. The bank had 1122 branches across 22 districts of Karnataka, headquartered in Ballary. The bank was sponsored by the Canara Bank. Its turnover was ₹66,137 crore.

Pragathi Krishna Grameena Bank

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On 23 August 2013, Pragathi Krishna Gramin Bank, with its Head Office in Ballari, was formed through the amalgamation of two RRBs: Canara Bank sponsored Pragathi Gramin Bank (headquartered in Ballari) and the State Bank of India sponsored Krishna Grameena Bank (headquartered in Kalaburagi).[5] The bank was formed as per gazette Notification of Government of India No. F1/5/2011- RRB (Karnataka) dated 23 August 2013.[6][7]

Kaveri Grameena Bank

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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.[8]

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.[9]

Karnataka Vikas Grameena Bank

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Karnataka Vikas Grameena Bank was an Indian regional rural bank headquartered in Dharwad, India. It was established in 12 September 2005, as a regional rural bank as per Regional Rural Banks Act of 1976. By amalgamation, of the following four RRBs namely Malaprabha Grameena Bank, Bijapur Grameena Bank, Varada Grameena Bank and Netravathi Grameena Banks, as per the recommendations of the Narasimham Committee, under a 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. It is under the ownership of Ministry of Finance, Government of India.

Karnataka Vikas Grameena Bank (KVGB), headquartered in Dharwad, had 629 branches across 9 districts. The bank had a business turnover of ₹38,714 crore.

Sri. Shreekant M Bhandiwad, Deputy General Manager of Canara Bank, took charge as the Chairman of Karnataka Vikas Grameena Bank (KVGB) on April 24, 2023. Prior to his becoming chairman of KVGB, Bhandiwad was head of the Patna circle of Canara Bank. He was the Deputy Managing Director of Canfin Homes Ltd. for a period of three years.

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RRB logo since August 01, 2025

The identity boasts symmetry, stability and craftsmanship.

Key elements include

  • An upward arrow, symbolizing Progress and Growth
  • Hands, embodying Nurturing and Care
  • A Flame, symbolizing enlightentment and warmth

The Regional Rural Bank logo selection process involved a public poll conducted by NABARD in June 2025 to choose a new, common logo for the amalgamated Regional Rural Banks in India, a initiative aimed at creating a unified brand identity for rural banking after the amalgamation of several RRBs. the poll allowed participants to vote on six logo concepts and nine design variations. The initiative was called OneRRBOneLogo reflecting the vision of having a single identity for the RRBs.

See also

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References

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  1. ^ "Board of Directors". Karnataka Gramin Bank. Archived from the original on 8 August 2025. Retrieved 8 August 2025.
  2. ^ Govt of India Notification CG-DL-E-07042025-262329 dated 07 April 2025 issued by the Department of Financial Services
  3. ^ "Govt announces 'One State, One RRB' implementation from May 1, 2025".
  4. ^ "'One state-one RRB' to be effective from May 1 after govt approves consolidation of 15 regional rural banks". Mint (newspaper). 8 April 2025.
  5. ^ Vinayak, A. J. (7 February 2019). "2 RRBs in Karnataka to be amalgamated". Business Line. Retrieved 8 August 2025.
  6. ^ "Two rural banks merged". Deccan Herald. 25 August 2013. Retrieved 8 August 2025.
  7. ^ "Karnataka RRBs merged post ministry notification". The Economic Times.
  8. ^ https://sbi.co.in/documents/17826/34475/1364204943265_BASE_II_DISCLOSURE_311212_ENGLISH.pdf [bare URL PDF]
  9. ^ "Annual day of Kaveri Grameena Bank today". City Today (Mysuru Today). Archived from the original on 10 October 2021. Retrieved 10 October 2021.
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