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Kerala Gramin Bank (KGB) is an Indian regional rural bank (RRB), headquartered in Malappuram, Kerala. Like other RRBs, the Government of India holds the majority 50% shares, while the Kerala state government holds 15% and Canara Bank owns the remaining 35% stake.
South Malabar Gramin Bank (Malayalam: സൌത്ത് മലബാർ ഗ്രാമീണ് ബാങ്ക്) Malappuram Kottakunnu (now Kerala Gramin Bank) was a Regional Rural Bank in India, and had its headquarters at Malappuram in Kerala. Its area of operation was limited to 8 districts in Kerala, India. It had been financing farm ...
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India's commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs.
Quilon Bank Ltd — 1919–1937 (Amalgamated to form Travancore National & Quilon Bank Ltd, and later liquidated) [5] South Malabar Gramin Bank — 1975–2013 (Amalgamated with North Malabar Gramin Bank to form Kerala Gramin Bank-2013) St George Union Bank — 1927–1965 (Amalgamated with Federal Bank) [5] [3]
A review of the RRBs in August 2009 by the Union Finance Minister revealed that a large number of RRBs had a low Capital to Risk weighted Assets Ratio (CRAR). A committee was constituted in September 2009 under the chairmanship of K C Chakrabarty, [4] the deputy governor of the Reserve Bank of India (RBI) to analyse the financials of the RRBs and suggest measures, including re-capitalisation ...
Kerala Gramin Bank; N. North Malabar Gramin Bank; P. Palai Central Bank; Pune District Central Cooperative Bank; R. RBI Thiruvananthapuram; S. South Malabar Gramin Bank;
The Bank was then elevated to the position of State Co-operative Bank for the State of Kerala and it became "The Kerala State Co-operative Bank Ltd." At that time, the Bank had a working capital of ₹42.90 lakhs, deposit of ₹30.33 lakhs and loans and advances to the tune of ₹21.66 lakhs.
Andhra Pragathi Grameena Bank; Kerala Gramin Bank – Its headquarters are at Malappuram and it operates in all districts in Kerala. It was established in 1976 as a Scheduled Commercial Bank. [27] [non-primary source needed] Karnataka Gramin Bank has its headquarters at Bellary, Karnataka, and has 1119 branches spread over eleven districts.