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The bank was formed by amalgamating North Malabar Gramin Bank and South Malabar Gramin Bank on 8 July 2013 by the Ministry of Finance, Government of India.The bank serves the area previously operated by the two banks.
The bank was constituted on 12 September 2005 after the amalgamation of four Regional Rural Banks (RRBs) namely Malaprabha Grameena Bank, Bijapur Grameena Bank, Varada Grameena Bank and Netravathi Grameena Banks, as per the recommendations of the Narasimhan Committee, under a Government of India notification dated 12 September 2005.
Krishna Grameena Bank Company type Bank Industry Banking, Insurance, Capital Markets and allied industries Founded 1 December 1978 (1978-12-01) Defunct 23 August 2013 (2013-08-23) Fate Merged with newly formed Pragathi Krishna Gramin Bank Successor Pragathi Krishna Gramin Bank Headquarters Kalaburagi, India Area served Karnataka Products Deposits, Personal Banking Schemes, C & I Banking ...
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Pragathi Gramin Bank was an Indian Regional Rural Bank (RRB) established under Regional Rural Banks' Act 1976. The bank was permitted to carry all kinds of banking business and provided banking services to individuals and small businesses.
Kaveri Grameena Bank was a Regional Rural Bank established under Regional Rural Banks' Act 1976, was a Scheduled Bank jointly owned by Government of India, State Bank of India (formerly by State Bank of Mysore) and Government of Karnataka (share capital contributed in the ratio of 50 :35:15 respectively), permitted to carry all kinds of banking business.
The financial institution founded by Hsu Sheng-fa obtained its incorporation approval on 13 August 1991 as Cosmos Bank.It acquired its license on 14 January 1992 and commenced its business on 12 February 1992.
KB Financial Group was established through restructuring Kookmin Bank into a holding company in September 2008. Kookmin Bank launched a financial holding firm to boost non-banking operations such as brokerage, insurance, and consumer finance.