The Karnataka Vikasa Grameena Bank has recorded a growth of 22.17 per cent over last year. The KVGB, which was the product of the amalgamation of four Syndicate Bank-sponsored regional rural banks "" Malaprabha Grameena Bank, Netravati Grameena Bank, Bijapur Grameena Bank and Varada Grameena Bank "" has performed well in the just-concluded financial year under all parameters, according to its chairman B S Surendra. | |
| He said that the total business of the bank stood at Rs 3,665 crore. The bank continues to occupy top the 141 RRBs in the country, Surendra said. |
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| The total business of the bank is made up of Rs 1,917 crore of deposits and Rs 1,748 crore advances. |
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| The bank, with its network of 387 branches spread over Dharwad, Gadag, Haveri, Belgaum, Bijapur, Bagalkot, |
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| Uttara Kannada, Dakshina Kannada and Udupi districts has disbursed loans to the extent of Rs 862 crore. |
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| It has earned an income of Rs 241 crore and expects the profit to be in the range of Rs 70 crore. |
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| The NPAs of the bank stands at 4.62 per cent denoting the financial stability of the bank, Surendra said. |
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| The chairman said the bank proposed to increase the rate of interest on deposits and start new branches as well as ATMs in the current fiscal. |
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