https://indianpedia.org/index.php?action=history&feed=atom&title=Karnataka_Grameena_BankKarnataka Grameena Bank - Revision history2026-07-31T19:03:49ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Karnataka_Grameena_Bank&diff=508643&oldid=prevArshelina at 13:56, 11 March 20262026-03-11T13:56:01Z<p></p>
<p><b>New page</b></p><div>{{Short description|Regional Rural Bank in Karnataka, India}}<br />
{{Use Indian English|date=August 2025}}<br />
{{Use dmy dates|date=August 2025}}<br />
{{Infobox company<br />
| name = Karnataka Grameena Bank<br />
| logo = Kagb logo.png<br />
| caption = <br />
| native_name = '''ಕರ್ನಾಟಕ ಗ್ರಾಮೀಣ ಬ್ಯಾಂಕ್'''<br />
| image = <br />
| type = [[Regional Rural Bank]]<br />
| traded_as = <br />
| predecessor = *[[Karnataka Gramin Bank]] <br />
* [[Karnataka Vikas Grameena Bank]]<br />
| successor = <br />
| foundation = {{Start date and age|2025|05|01}}<br />
| founder = <br />
| defunct = <!-- {{End date|df=yes|YYYY|MM|DD}} --><br />
| hq_location = <br />
| location_city = [[Ballari]], [[Karnataka]]<br />
| location_country = [[India]]<br />
| area_served = [[Karnataka]]<br />
| key_people = Sri Shrikant M Bhandiwad (Chairman)<ref>{{cite web |url=https://karnatakagb.bank.in/organisational-information/boardofdirectors |title=Board of Directors |website=Karnataka Gramin Bank |access-date=15 October 2025}}</ref><br />
| industry = [[Financial]]<br />[[Regional Rural Bank]]s<br />
| products = {{Bulleted_list|[[Retail banking|Consumer banking]]|[[Commercial bank|Corporate banking]]|[[Financial services|Finance and insurance]]|[[Mortgage loan]]s|[[Private banking]]|[[Savings]]|[[Asset management]]|[[Wealth management]]}}<br />
| production = <br />
| services = {{Unbulleted list|[[Financial services]]|[[Banking]]}}<br />
| revenue = <br />
| operating_income = <br />
| net_income = <br />
| aum = <!-- Only used with financial services companies --><br />
| assets = <br />
| equity = <br />
| owner = [[Government of India]] (50%)<br />
[[Government of Karnataka]] (15%)<br />
[[Canara Bank]] (35%)<br />
| num_locations = 1750 Branches<br />
| num_employees = 8000<br />
| parent = [[Ministry of Finance (India)|Ministry of Finance]], [[Government of India]]<br />
| divisions = <br />
| subsid = <br />
| homepage = {{URL|https://karnatakagb.bank.in/}}<br />
| footnotes = <br />
}}<br />
<br />
The ''' Karnataka Grameena Bank '''is an Indian [[Regional Rural Bank]] (RRB) in [[Karnataka]] established on 1 May 2025.<ref>Govt of India Notification CG-DL-E-07042025-262329 dated 07 April 2025 issued by the Department of Financial Services</ref><ref>{{cite web | url=https://www.business-standard.com/amp/industry/banking/govt-announces-one-state-one-rrb-implementation-from-may-1-2025-125040800039_1.html | title=Govt announces 'One State, One RRB' implementation from May 1, 2025 }}</ref> The bank was formed by the amalgamation of [[Karnataka Gramin Bank]] and [[Karnataka Vikas Grameena Bank]] under The "One State, One RRB"<ref>{{cite news | title='One state-one RRB' to be effective from May 1 after govt approves consolidation of 15 regional rural banks |newspaper=[[Mint (newspaper)|Mint]] | date=8 April 2025 | url=https://www.livemint.com/economy/one-state-one-rrb-to-be-effective-from-may-1-after-govt-approves-consolidation-of-15-regional-rural-banks-11744118507326.html }}</ref> 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 [[Government of India|central government]] holding a 50% stake, the [[Government of Karnataka|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 1,750 branches and a business turnover of ₹1,04,851 crore.<br />
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It functions under Regional Rural Banks' Act 1976 and is sponsored by Canara Bank.<br />
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== History ==<br />
=== Karnataka Gramin Bank ===<br />
''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.<br />
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==== Pragathi Krishna Grameena Bank ====<br />
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]]).<ref>{{Cite news|last=Vinayak|first=A. J.|title=2 RRBs in Karnataka to be amalgamated|url=https://www.thehindubusinessline.com/money-and-banking/2-rrbs-in-karnataka-to-be-amalgamated/article26206397.ece|access-date=2025-08-08|newspaper=[[Business Line]] |date=7 February 2019 |language=en}}</ref> The bank was formed as per gazette Notification of [[Government of India]] No. F1/5/2011- RRB (Karnataka) dated 23 August 2013.<ref>{{Cite news|date=2013-08-25|title=Two rural banks merged|url=https://www.deccanherald.com/state/two-rural-banks-merged-343010.html|access-date=2025-08-08|newspaper=[[Deccan Herald]]|language=en}}</ref><ref>{{Cite news|title=Karnataka RRBs merged post ministry notification|newspaper=[[The Economic Times]]|url=https://economictimes.indiatimes.com/karnataka-rrbs-merged-post-ministry-notification/articleshow/1242342.cms}}</ref><br />
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==== Kaveri Grameena Bank ====<br />
The Bank was started as Cauvery Grameena bank and served [[Mysore district|Mysore]], [[Hassan district|Hassan]] and [[Chamarajanagar district|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.<ref>{{cite web |title=Base II disclosure |url=https://sbi.co.in/documents/17826/34475/1364204943265_BASE_II_DISCLOSURE_311212_ENGLISH.pdf |website=sbi.co.in |access-date=8 September 2025| archive-url=https://web.archive.org/web/20240718122600/https://www.sbi.co.in/documents/17826/34475/1364204943265_BASE_II_DISCLOSURE_311212_ENGLISH.pdf| archive-date=2024-07-18| url-status=live}}</ref><br />
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The headquarters of Kaveri Grameena Bank was located at [[Vijayanagar, Mysore|Vijayanagar Second Stage]], [[Mysore]], which is now converted as IT Centre of Karnataka Gramin Bank, post merger.<ref>{{Cite news |title=Annual day of Kaveri Grameena Bank today |newspaper=City Today (Mysuru Today) |url=https://citytoday.news/annual-day-of-kaveri-grameena-bank-today/|access-date=2021-10-10|language=en|archive-date=10 October 2021|archive-url=https://web.archive.org/web/20211010112944/https://citytoday.news/annual-day-of-kaveri-grameena-bank-today/|url-status=dead}}</ref><br />
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=== Karnataka Vikas Grameena Bank ===<br />
'''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 (India)|Ministry of Finance]], Government of India.<br />
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Karnataka Vikas Grameena Bank (KVGB), headquartered in Dharwad, had 629 branches across 9 districts. The bank had a business turnover of ₹38,714 crore.<br />
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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.<br />
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== Logo ==<br />
[[File:RRB LOGO new.png|thumb|295x295px|RRB logo used since August 1, 2025]]<br />
The identity boasts symmetry, stability and craftsmanship. <br />
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Key elements include<br />
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*'''''Upward Arrow''''', symbolizing Progress and Growth<br />
*'''''Hands''''', embodying Nurturing and Care <br />
*'''''Flame''''', symbolizing enlightentment and warmth<br />
<br />
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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 Bank]]s in India, the 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.<br />
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== See also ==<br />
{{Portal|Banks}}<br />
* [[Banking in India]]<br />
* [[List of banks in India]]<br />
* [[Reserve Bank of India]]<br />
* [[Indian Financial System Code]]<br />
* [[List of largest banks]]<br />
* [[List of companies of India]]<br />
* [[Make in India]]<br />
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== References ==<br />
<br />
{{reflist}}<br />
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==External links==<br />
* [https://karnatakagb.bank.in/ Official site]<br />
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{{Banking in India}}<br />
{{Canara Bank}}<br />
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{{Banking in India}}<br />
<br />
[[Category:Banks established in 2025]]<br />
[[Category:Regional rural banks of India]]<br />
[[Category:Companies based in Karnataka]]<br />
[[Category:Indian companies established in 2025]]<br />
[[Category:Canara Bank]]<br />
[[Category:Economy of Karnataka]]</div>Arshelina