Kerala Gramin Bank
|Industry||Banking, Financial Services|
|Founded||South Malabar Gramin Bank (1976)
North Malabar Gramin Bank (1976)
Kerala Gramin Bank (2013)
|Headquarters||Malappuram, Kerala, India|
|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)|
|Profit||₹400 million (US$6.2 million) (2013)|
|Total assets||₹122,360 million (US$1.9 billion) (2013)|
|Owner||Government of India, Government of Kerala, Canara Bank|
Kerala Gramin Bank or KGB in short, is India’s largest Regional Rural Bank (RRB), headquartered at Malappuram in Kerala, India. The bank is jointly owned by Central and State Governments & sponsored by Canara Bank.
The bank was formed by amalgamating North Malabar Gramin Bank and South Malabar Gramin Bank in 2013 and became dominant in all the 14 districts of Kerala State and its only Regional Rural Bank. It achieved 20% growth in the last financial year & plan to take the branch network to 1,000 in a couple of years.
- 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.
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