Brief Introduction:
KGB is established on 01.12.1978 under the RRBS Act 1976, the Bank has completed 30 Years of its meaningful service to the people of Gublarga and Bidar districts. Since inception, the bank is striving hard to achieve its set objectives by serving 631 villages of
It is indeed heartening to note that KGB has been adjudged as the 3rd best RRB among SBI sponsored RRBs in the country for the year 2002-03, the first ever large size RRB headed by a deputy geberak manager if Sbum it attain this coveted status.
During the year 2008-09 the bank crossed a major milestone by surpassing Rs.1916 crores of business by registering a growth of 18.27% over the previous year. Further the Bank has nearly doubled its total Business during the last 3 years from Rs. 1000 crores as on march 2006 to Rs. 1916 crores as on March 2009. Systematic, proactive and sustained efforts are continued to accomplish all round excellence.
Branch Network:
District wise Branches
| Districts | No. of Branches |
| | 79 |
| Bidar | 34 |
| Total | 113 |
Source: 2009-10 Annual report of KGB
As at the end of the financial year, the Bank is having a well spread-out network of 113 branches, 79 in
| Sl. No. | Category of Branches | Gulbarga District | Bidar District | Total |
| 1. | Urban | 08 | 03 | 10 |
| 2. | Semi-Urban | 10 | 04 | 14 |
| 3. | Rural | 61 | 27 | 88 |
| | Total | 79 | 34 | 113 |
During the financial year 2009-10, the bank has opened 4 New branches three in Gulbarga District and one in Bidar district. There are 4 Area offices, of which are in Gulbarga District situated at
Loans and Advances outstanding:
The bank has recorded a growth of Rs.14,51,407 thousands during 2009-10 as against Rs. 14,09,695 thousands during the last year. (Achieved during the previous year 2008-09). During the year the bank has disbursed Rs. 48,18,642 thousands as against ACP target of Rs. 42,82,585 thousands.
Krishna Krishi Card (KKC) scheme:
Kisan credit cards under KGB brand name Krishna Krish Card, the bank has disbursed an amount of Rs. 342,45,46 thousands to 25926 new formers during the year, with this the total number of KKCS issued by the bank has short of to 167383. All eligible borrowers have been issued with the credit cards and personal accident insurance cover has been provided to all the eligible card holders (i.e below the stipulated age of 70 Years) under personal Accident Insurance Scheme (PAIS). The share of premier borne by bank is Rs. 1498 thousands as against Rs. 499 thousands contributed by borrowers.
Swarojgar Credit Cards (SCC):
The bank has sanctioned 108 SCC during the year 2009-10, taking the cumulative number of cards issued to 9966 as against 9858 as on 31.03.2009. Amount outstanding decreased to Rs. 1867.12 lakhs as on 31.03.2010 from Rs. 2329.89 lakhs as on March 2009 due to substantial recovery during the year.
The Bnak has erected swarozgar credit card scheme publicity hoardings at 16 prominent places at district and taluka centers for publicity of swarojgar Credit card (SCC) scheme, which enhanced the Bnak’s image.
Other Particulars:
Human Resources Development/Training:
Due importance has been given for imparting training to staff to upgrade their knowledge and skill by deputing the staff to upgrade their knowledge and kill by deputing the staff to different training centers of SBI, NABARD and Reserve Bank of India. During the year as many as 460 members of staff were deputed to various training centers. Special training programs were held for messenger.
The Bank believes in the philosophy of “Learning is a Continuous Process”. Bank is deputing the staff to different training centers of SBI/SBH/NABARD/NIRB/NIRD and RBI. The Bank also has conducted in house training to RDO’s with the completion of 100% computerization of the Bank, Bank has imparted computer training covering 460 staff and officers during the year.
The details are as under:
| Sl. No. | Particulars | No. of employees trained |
| 1. | Deputation to various training institutes | 144 |
| 2. | Computer Training | 460 |
| 3. | In house Training for RDO’s | - |
With the approval of the board and after getting permission from sponsor Bank, Bank has recruited 31 officers and 56 clerical staff and required training provided to new staff at different training centres.
Industrial Relations:
There are three Associations/unionism the Bank viz., Krishna Grameen Bank Officers Association, Krishna Grameena Bank Employees union and Krishna Grameena Bank SC/ST Staff Association.
Cordial and harmonious relationship has been maintained without compromising on staff discipline and productivity. Excellent work has been done by majority of KGB staff in reduction of NPAs, maximizing profits, eliminating four loss making branches of previous year reinforcing the rapport with the banks clientele, marketing of SBI life products, prompt submission lead bank return, shifting of head office premises to a new premises celebration of silver jubilee, training programme, SHG linkage programme, etc., deserves special mention and commendation, KGB staff have responded spontaneously to the suggestion of KGB chairman. For a gradual adoption of formal dress code voluntarily in a phased manner. A modest beginning has been made already in this direction.
Computerization:
After achieved 100% computerization of Head Office, Area Office, and 113 branches, the Bank is moving towards migration of all branches to core Banking solution (CBS). As per the direction received from the State Bank of India, our sponsor Bank, CBS Software Bank 24, (which is being used at SBI branches), will be rolled out in all our branches. The whole process of migration to CBS is to completed on 30.09.2009, core Banking implementation team consisting of Six members has been formed to implement the project in the Bank.
Corporate Governance:
The Bank is committed to follow the best practices in the area of corporate Governance. We KGB believe that proper corporate Governance facilitates and guarantees effective management and promotion/control of business activities. As part of corporate Governance, it has formed an audit committee of the board which held its first meeting on 8th December 2009 and deliberated on important aspects.
During the year, six Board meetings and five Audit committee meetings were held. Valuable services have been rendered by the Directors of the Board.
With a view to bring greater objectivity in audit & inspection area, it is now getting officers from other RRBs Sponsored from SBI group to inspect our branches, by and large, time displine has been maintained in compliance/closure of inspection report.
Popularizing Solar Energy:
The Bank has taken special efforts to popularized solar lighting at villages where power supply is inadequate/erratic. To this end a special as been formulated under tie-up arrangement with a reputed solar equipment manufacturer. KGB branches facing power crisis in remote corners have also being supplied with solar equipment to popularize non-conventional renewable energy. KGB have installed solar lighting system in our garden head office.
best practices in corporate governance of kgb
KGB has been adjudged as the Best RRBs amongst SBI Sponsored RRBs for the year 2003-04 (Second Position)
For the second consecutive year, KGB has bagged shield for excellent performance in SHG coverage for the Bank and two branches in Karnataka state from NABARD.
Introduced audit committee of the bank’s Board of Directors I Two meetings have been held already effective follow-up action.
Introduction of Asset Liability Management by constituting a Asset Liability Committee comprising Chairman, General Manager, Manager (Funds)
Self Help Promoting Institution (SHPI)-an exclusive woman development officer.
100% timely submission of lead bank returns
Two rural godowns financed already. Two proposal for cold storage financing are under consideration. Agree-clinics financed-and two on the look out for new ones.
Beside financing income generation activities, we have been actively financing cash surplus SHG members with LPG cylinders & stove, solar lighting system, rural housing and toilet facilities etc., to improve their quality of life.
Extensive coverage of SC-ST & Minorities under over lending activity.
Harmonious Industrial Relations without compromising on discipline, Punctuality, Productivity & Efficiency.
Catering to the training needs by utilizing the facility at no cost or moderate cost with bankers institute for rural development, Lucknow, Nabard, College of Agricultural Banking, RBI Pune, SBI, SBI Life, NGO’s
Introduction of Quality Circle at Head office, Initiation of the process of adoption of voluntary dress code for staff by utilizing the cash incentive amount of Rs. 4.54 Lakhs received from SBI life for marketing their products.
Building a brand image for the bank for the bank by introducing various schemes/programs with nick name ‘ KRISHNA like Krishna Dhara (Minor Irrigation), Krishna Krishi Card, Krishna Gold Card, Krishna Jeevana Mitra-a saving bank deposit scheme with insurance benefit, krishna Mahila Mangala Yozane, Krishana Senior Citizen deposit scheme, Krishna Sameepya (A customer relation program), Krishna Jyoti ( A solar energy lighting system) etc.
Participating in AIR sponsored phone in program by the chairman where in 45 minutes, our clintal/general public fielded 23 interesting questions, which where answered satisfactorily. The program has been well received & appreciated by the user public
Long range, short range planning pro-activeness, perseverance, team building, customer friendliness, building up quality & profitable business, meticulous adherence to systems/procedures, control mechanisms, honesty, sincerity, transparency have been hallmarks of our functioning.
(Source: Annual Report of Krishna Grameenas Bank, 2009-10)
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