The Karnataka Grameena Bank is an Indian Regional Rural Bank (RRB) in Karnataka established on 1 May 2025.Govt of India Notification CG-DL-E-07042025-262329 dated 07 April 2025 issued by the Department of Financial Services The bank was formed by the amalgamation of Karnataka Gramin Bank and Karnataka Vikas Grameena Bank under The "One State, One RRB" 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.
History Pragathi Krishna Grameena Bank 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). The bank was formed as per gazette Notification of Government of India No. F1/5/2011- RRB (Karnataka) dated 23 August 2013.
Kaveri Grameena Bank 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.
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.
See also
Banking in India List of banks in India Reserve Bank of India Indian Financial System Code List of largest banks List of companies of India Make in India
References
External links Official site Internet Banking