Chairman’s Message

S Ravindran

S Ravindran


Dear Readers,

Karnataka Vikas Grameena Bank was established on 12th Sept 2005, by a Govt. of India Notification, Amalgamating four Regional Rural Banks sponsored by Syndicate Bank in the state of Karnataka. The amalgamated erstwhile Grameena Banks are Bijapur Grameena Bank, Malaprabha Grameena Bank, Netravati Grameena Bank and Varada Grameena Bank.   For operational convenience, bank has set up TEN Regional Offices at Bagalkot, Belgaum, 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 Bagalkot, Belagavi, Bijapur (Vijayapur), Dharwad, Gadag and 3 coastal districts are Mangaluru, Udupi and Uttar Kannada.  KVGB is catering to the financial and banking needs of more than 79 lakh customers in 2045 villages through 636 Branches. In addition to the branch network, we are serving the villages through 102 Ultra Small Branches, 528 Business Correspondents (Bank Mitras) and 104 Bank Sakis. The Bank has  about 3200 committed and dedicated work force, who strive  hard to take the Bank to greater heights year after year.

The   total business of the Bank stands at Rs. 23432  Crore  as on 31.03.2018 , consisting of Rs. 12944 Crores  deposits and Advances of  Rs. 10,488 Crores. KVGB earned a Net Profit Rs. 102 Crore as on 31.03.2018 and has  Reserves of  Rs. 1669 Crores.

This is the age of Information Technology and banks are no exception as the entire banking sphere is also driven by technology. Our bank is also providing Core Banking Solutions at par with Nationalized/Private Banks.   Transforming India into a  Cashless / less Cash Economy is one of the integral strategies of the Government of India. In order to supplement the digitalization and Cashless/ less Cash transactions, the Bank has developed its own mobile application which is very user friendly and users have rated the app at 4.3 on a scale of 5.0. The Bank is in the forefront in implementing all the available modern technologies. Of the 636 branches, 428 branches are operating in rural areas only. The bank is effectively participating in DBT/DBTL for direct benefit transfer of Govt. subsidies. The Bank is providing services of NEFT/RTGS/ATM facility, e-KYC etc., apart from implementing IMPS through mobile banking channel. 82 ATMs, 632 Micro ATMs (528 BCs and 104 Bank Sakis) are functioning. Bank has introduced mobile ATMs to reach out to the remotest villages and at present two Mobile ATM Vans are providing the services.

In line with Central government initiatives, the bank has fully digitalized 43 villages as on 31.03.2018  and plans to add another 107 villages before the end of this fiscal. Aadhaar Enabled Payment System with 100% interoperability at all BC locations is implemented. “ON US” & “OFF US” RuPay Card transactions are live at all BC locations. The Bank has  “Internet Banking facility ” and has also launched full  fledged Net banking facility.

The Reserve Bank of India has permitted Banks to engage authorized functionaries of well-run Self Help Groups (SHGs) which are linked to Banks as BCs.  Bank has engaged 104 such Bank Sakis who are working satisfactorily. This is a unique concept, introduced in Karnataka by KVGB..

The Bank is focusing on the tenet of “Savings for Development” along with the idea of “Progress through Loan”. My earnest request to you is to invest your savings in our Bank which will help to develop the Region.

Assuring you, the best of our services, I welcome you to our website to know more about us. Your valuable suggestions for improving our services are always welcome.