Kerala Gramin Bank

Kerala Gramin Bank

Type	Public
Industry	Banking, Financial Services
Founded	South Malabar Gramin Bank (1976) North Malabar Gramin Bank (1976) Kerala Gramin Bank (2013)
Headquarters	Malappuram, Kerala, India
Area served	Kerala, India
Key people	Shaji K.V (Chairman)
Products	Consumer banking, Corporate banking, Finance and insurance, Mortgage loans, Private banking, Savings, Securities, Asset management, Wealth management
Revenue	₹11,120 million (US$170 million) (2013)^[1]
Profit	₹400 million (US$5.9 million) (2013)
Total assets	₹122,360 million (US$1.8 billion) (2013)
Owner	Government of India, Government of Kerala, Canara Bank
Website	www.keralagbank.com

Kerala Gramin Bank Headquarters at Malappuram

Kerala Gramin Bank or KGB in short, is India’s largest Regional Rural Bank (RRB) with more than ₹25,000 crore of business, headquartered at Malappuram in Kerala, India. The bank is jointly owned by Central and State Governments & sponsored by Canara Bank. KGB has the third largest branch network among all the commercial banks operating in Kerala with 600 branches, 4 service branches, 3 ultra small branches, 10 regional offices, more than 270 ATMs and 157 kiosk banking outlets across the state. The credit-deposit ratio of the bank is around 100%, which is the highest among all major banks of Kerala.

The bank was formed by amalgamating North Malabar Gramin Bank and South Malabar Gramin Bank in 2013. As a fully Government owned undertaking, KGB is in the forefront in meeting its social commitments and also in implementing various Government formulated policies and schemes. It is having dominant presence in all the 14 districts of Kerala State and is the only Regional Rural Bank in the State. The bank achieved 20% growth in the last financial year & plan to take the branch network to 1,000 in a couple of years.^[2]^[3]

References

↑ http://www.bseindia.com/bseplus/StockReach AdvanceStockReach.aspx?scripcode=532483
↑ "Formation of Kerala Gramin Bank notified following merger of two RRBs | Business Line". Thehindubusinessline.com. 2013-07-09. Retrieved 2013-09-14.
↑ Viswanath, Chandrakanth (2013-07-15). "KGB to expand operations in all Panchayats". The New Indian Express. Retrieved 2013-09-14.

External links

Banking in India

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Regional Rural Banks	Andhra Pragathi Grameena Bank Kerala Gramin Bank Bangiya Gramin Vikash Bank Gramin Bank of Aryavart North Malabar Gramin Bank Pallavan Grama Bank Pandyan Grama Bank Paschim Banga Gramin Bank Sarva UP Gramin Bank South Malabar Gramin Bank Uttar Bihar Gramin Bank Vananchal Gramin Bank List of regional rural banks in Uttar Pradesh

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