The newly formed Karnataka Grameena Bank will be directed by Sekekant M Bhandiwad, the current president of Karnataka Vikas Grameena Bank
According to the notification problem of the central government in line with its policy of its status, the two regional rural banks (RRB) in Karnataka -Karnataka Vikas Grameena Bank (KVGB) based in the head of reference of Bankawad, and which were granted to a course of a karnataka banks, accumulate in the Bankawad. Office in Ballari.
The newly formed Banco Karnataka Grameena will continue to be the property of the Government, with the central government that has 50 percent, the state government 15 percent and the Canra Bank (sponsored bank) that has 35 percent. Bank’s services will now extend in Karnataka, which makes it the second largest RRB in the country with a commercial turnover of ₹ 1,04,851 million rupees and 1,751 branches.
The newly formed Karnataka Grameena Bank will be led by Sreekant M Bhandiwad, the current KVGB president. He has a master’s degree in agriculture and approximately 31 years of experience in the banking sector.
Bhandiwad said the two RRB of Amalgamado have played a fundamental role, especially in the channeling of the institutional credit to the rural economy. Hey said that the newly formed Karnataka Grameena Bank will carry out this legacy with renewed force, greater security and greater confidence.
KVGB had a commercial turnover of ₹ 38,714 million rupees with 629 branches in nine districts in Karnataka. Karnataka Gramin Bank had a turnover of ₹ 66,137 million rupees with 1,122 branches in 22 districts in the state.
Posted on April 30, 2025