Karnataka Grameena Bank (KGB)

🔀 Merger History — "One State, One RRB"

Karnataka Grameena Bank was formed on 1 May 2025 by the amalgamation of two pre-existing Regional Rural Banks under the Government of India's "One State, One RRB" consolidation reform (Gazette Notification No. 1604, dated 7 April 2025):

• Karnataka Vikas Grameena Bank (KVGB) — established 12 September 2005, itself formed by merging four earlier RRBs: Malaprabha Grameena Bank, Bijapur Grameena Bank, Varada Grameena Bank and Netravathi Grameena Bank.
• Karnataka Gramin Bank — established 1 April 2019, itself formed by merging Pragathi Krishna Grameena Bank (which in turn was created in 2013 by merging Pragathi Gramin Bank and Krishna Grameena Bank) and Kaveri Grameena Bank (formed in 2012 by amalgamating RRBs earlier sponsored by State Bank of Mysore, Corporation Bank and Vijaya Bank).

This is a genuine multi-entity consolidation — not a simple rename — mirroring how several other states' RRBs (e.g. Uttar Pradesh's three RRBs merging into one) were unified in the same 2025 reform round. Both predecessor banks were sponsored by Canara Bank, which continues as sponsor of the merged entity.

General Public domestic term deposit rates below are fetched live from KGB's official rates page where possible. If the live fetch is unavailable, the last published rates are shown instead. Senior citizens typically earn ~0.50% additional across most tenures — check the official page for exact senior-citizen and NRO rates.