Cauvery Kalpatharu Grameena Bank (CKGB) came in light in 2006. It is a Regional Rural Bank sponsored by State Bank of Mysore. CKGB operates its banking and financial business in the State of Karnataka.
Cauvery Kalpatharu Grameena Bank was established under Regional Rural Banks Act 1976 on 24th May, 2006. The Bank was constituted by the amalgamation of 2 erstwhile banks sponsored by State Bank of Mysore - Cauvery Grameena Bank and Kalpatharu Grameena Bank.
Ownership shares of Cauvery Kalpatharu Grameena Bank are divided into Government of India (50%), Government of Karnataka (15%) and State Bank of Mysore (35%). The Bank has achieved the status of Scheduled Commercial Banks also to run all kinds of business.
www.ckgbank.com operates its banking and financial business in 7 districts of Karnataka State - Mysore, Tumkur, Hassan, Bangalore Rural, Ramanagar, Chamarajanagar and Bangalore Urban districts. It has a large network of more than 215 branches. All branches are fully computerized.
CKGB has a customer base of more than 11 lakhs. The Bank fulfills the need of farming community, business class, professional and self employed persons. www.ckgbank.com has decided to open a branch in the villages where population is more than 2000.
Head office of Cauvery Kalpatharu Grameena Bank is located at CA 20, Vijayanagar II Stage in Mysore (Karnataka). www.ckgbank.com is the official website for the updated information regarding recruitment, loans, interest rates, savaging accounts, results, new schemes and other services.
CKGB provides a wide array of banking and financial services - agricultural banking, deposits, Kisan Credit Card, Kisan Gold Card, Kisan Chakra, Farm Mechanization, Agri Clinics, micro finance, personal banking, insurance services, personal loans, housing loans, vehicle loans, consumer loans, education loans and mortgage loans.
Cauvery Kalpatharu Grameena Bank achieved net profit of Rs. 19.18 crores during the financial year 2010-2011. It had deposits of Rs. 2187.08 crores and advances of Rs. 1708.89 crores as on 31st March, 2011. CKGB has decided to open 15 new branches and increase business turnover to Rs. 4800 crores during the fiscal year of 2011-2012.