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KVG Bank to have core banking

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BS Reporter Chennai/ Dharwad

Karnataka Vikas Grameena (KVG) Bank, the regional rural bank covering Dharwad, Haveri, Gadag, Belgaum, Bijapur, Bagalkot, Udupi, Dakshina Kannada and Uttara Kannada districts, will soon bring its urban and semi-urban branches under the core banking System.

KVGB chairman M Dhananjaya, speaking at a customer meet arranged by eight branches of the Dharwad-headquartered bank, said the bank had total business of Rs 5,550 crore and a customer base of about 33 lakh.

It had established its first ATM sometime ago and was now preparing itself to shift to the CBS mode. He also revealed that there has been much demand from various villages in the bank’s operational area of nine districts to open the bank’s branch. A Branch would shortly be opened at Yaragatti of Savadatti Taluk in Belgaum district he said.

 

“The Bank is encouraging every rural household to have its own toilet facility by means of an easy loan scheme. By the end of 2008-09, the bank plans to bring 5000 houses under solar lighting systems” he said.

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First Published: Dec 15 2008 | 12:00 AM IST

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