Kaveri Grameena Bank

Kaveri Grameena Bank
Company typeBank
IndustryBanking, Insurance, Capital Markets and allied industries
PredecessorCauvery grameena bank, Cauvery Kalpatharu Grameena Bank, Chikmagalur Kodagu Grameena Bank and Vishvesvaraya Grameena Bank
Founded1 November 2012;
11 years ago (2012-11-01)
Defunct31 March 2019 (2019-03-31) merged with newly formed Karnataka Gramin Bank
SuccessorKarnataka Gramin Bank
Headquarters
Mysore
Number of locations
502 Branches in 10 Districts of South Karnataka
Head Office: Mysore
Area served
Karnataka
Key people
  • Chairman: Mr Bhuvanendra Takoor
  • General Manager (Administration): Bhaskar Rao P
ProductsDeposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes
ServicesLoans, Deposits, ATM Services, National Electronic Fund Transfer (NEFT), Internet Banking, Mobile Banking, Aadhaar Enabled Payment System, Debit Card[1]
Total assets[2]
Number of employees
1797 (as on 31 Mar 2016)[3]
ParentState Bank of India (35%)
Websitekarnatakagraminbank.com

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]

  1. ^ "Performance Highlights". Archived from the original on 1 August 2015. Retrieved 3 November 2015.
  2. ^ "About". Archived from the original on 27 January 2016. Retrieved 3 November 2015.
  3. ^ "BANK TECHNOLOGY – kaverigrameenabank". Archived from the original on 28 April 2017. Retrieved 27 April 2017.
  4. ^ "Wipro to tech-ready 1,167 branches of Karnataka Gramin Bank". The Hindu. 18 March 2020. ISSN 0971-751X. Retrieved 10 October 2021.
  5. ^ "Google News". Google News. Retrieved 10 October 2021.
  6. ^ https://sbi.co.in/documents/17826/34475/1364204943265_BASE_II_DISCLOSURE_311212_ENGLISH.pdf [bare URL PDF]
  7. ^ https://financialservices.gov.in/sites/default/files/rrbrulesforappointmentsandpromotions2010_1.pdf [bare URL PDF]
  8. ^ "Annual day of Kaveri Grameena Bank today – Mysuru Today". Retrieved 10 October 2021.