Dharwad based  Karnataka Vikas Grameena Bank has bagged four awards for inclusive insurance for 2016 from Skoch Group.  S Ravindran, chairman, received the award from Sameer Kochhar, chairman of Skoch Group, in Hyderabad.

The bank, which operates in nine districts of Karnataka covering 57 taluks, has brought 28 lakh people under Pradhan Mantri Jeevan Jyoti Bima Yojna, PM Suraksha Bima Yojna and PM Jan Dhan Yojna.

Karnataka Vikas Grameena Bank;

The Karnataka Vikas Grameena Bank  a Regional Rural Bank, was constituted on 12 September 2005 after amalgamation of four Regional Rural Banks (RRBs) namely Malaprabha Grameena Bank, Bijapur Grameena Bank, Varada Grameena Bank and Netravathi Grameena Banks as per recommendations of the Narasimhan Committee under Government of India Notification dated 12 September 2005.

All four amalgamated RRBs were sponsored by Syndicate Bank and were located in Karnataka. The bank, thus formed, currently has 448 branches in rural areas of Karnataka, around Dharwad. After amalgamation, the level of the bank’s business was around 3263.73 Crores. After the merger, the RRB is called Karnataka Vikas Grameena Bank with its head office at Dharwad under the sponsorship of Syndicate Bank.