Introduction
Karnataka Gramin Bank: A Quick Look
Feature |
Description |
Details |
Type of Bank |
Regional Rural Bank |
Karnataka Gramin Bank is a special type of bank in India. It focuses on helping people in villages and small towns. |
Location |
South India |
The bank is mainly found in the southern part of India, in a state called Karnataka. |
Importance |
Supports Rural India |
Regional rural banks, like Karnataka Gramin Bank, play a big role. They help people in the countryside with their money needs. |
Karnataka Gramin Bank is not just any bank. It’s a bank that has a big job. It helps people in the countryside of Karnataka. These banks are important because they make sure everyone, even in small villages, can use banking services.
Historical Performance
Yearly Business Growth: A Comparison
Year |
Business Amount (in Crores) |
What Does This Mean? |
2021-22 |
₹57,210 |
In the year 2021-22, the bank did business worth ₹57,210 crore. This is a big number! |
2022-23 |
₹61,203 |
The next year, they did even better. The business grew to ₹61,203 crore. |
Every year, the bank tries to do better than the last. And guess what? They succeeded! In the year 2022-23, they did more business than the previous year. This shows that the bank is growing and doing well.
Bank’s Leadership and Vision
Meet the Leader: G.R. Dilli Babu
Position |
Who is He? |
His Contribution |
Chairman |
G.R. Dilli Babu |
Mr. Babu is the big boss of the bank. He shared how the bank did in the past year. Thanks to his leadership, the bank is doing great! |
Every team needs a good leader. For Karnataka Gramin Bank, that leader is Mr. G.R. Dilli Babu. As the Chairman, he makes sure the bank is on the right path. He recently talked about how well the bank is doing. It’s clear that under his guidance, the bank is reaching new heights.
Bank’s National Standing
How Big is Karnataka Gramin Bank?
Rank |
Status |
Why is This Important? |
2 |
Second Largest Regional Rural Bank in India |
Being the second biggest of its kind in the whole country is a big deal. It shows that the bank is trusted by many people. |
In the big world of banks, Karnataka Gramin Bank stands tall. It’s the second-largest regional rural bank in all of India. That’s impressive! This means many people believe in this bank and use its services.
Financial Highlights
Understanding CASA Growth
Term |
Full Form |
What’s It About? |
CASA |
Current Account Savings Account |
CASA is a combo of two types of bank accounts. A high CASA means the bank is doing well because people trust it with their daily money needs. |
Growth |
9.68% |
In the last year, the bank saw a 9.68% growth in CASA. This is a good sign. It means more people are opening and using these accounts. |
Money kept in the bank can be in different types of accounts. CASA is a popular choice. Why? Because it’s flexible. The bank saw a growth in CASA, which is great news. It means people trust the bank more.
Agriculture and Loans
Sector |
Amount (in Crores) |
Details |
Agriculture |
₹21,912 |
The bank gave out loans worth ₹21,912 crore to farmers and others in the agriculture sector. This helps them grow crops and feed people. |
Kisan Credit Card |
₹4,132 |
Farmers got loans using something called a Kisan Credit Card. This card helps them borrow money easily. |
Farmers need money to grow food. The bank helps them by giving loans. With these loans, farmers can buy seeds, tools, and more. The bank also offers a special card for farmers to make borrowing easier.
Profitability and Earnings
How Much Did the Bank Earn?
Type of Profit |
Amount (in Crores) |
What Does This Mean? |
Gross Profit |
₹808 |
Before taking out all the costs, the bank made ₹808 crore. That’s a lot of money! |
Net Profit |
₹7.56 |
After all expenses, the bank still had ₹7.56 crore left. This is the money they truly earned. |
Earning money is a sign of success for any business. For Karnataka Gramin Bank, the news is good. They earned a lot of money last year. This shows the bank is strong and can keep serving its customers.
Network and Outreach
Branches and ATMs: Reaching Out to People
Type |
Number |
Why is This Cool? |
Branches |
1,121 |
The bank has 1,121 places where people can go and do their banking. That’s a lot of branches! |
Mobile ATMs |
5 |
These are special vans with ATMs inside. They go to places where there’s no bank nearby. People can get cash easily. |
Having many branches means the bank is everywhere. People can find it easily. But what if there’s no branch nearby? No worries! The bank has mobile ATMs. These are like mini-banks on wheels. They go to villages and towns, making life easier for many.
Conclusion
Karnataka Gramin Bank is more than just a bank. It’s a friend to the people of Karnataka. With its strong financial health, wide network, and focus on helping farmers, the bank is truly special. As it grows, it promises to keep serving its customers with the same dedication and care.
FAQ
What are mobile ATMs?.