Kakatiya Bank becomes first RRB to be fully computerised
By KGB chairman V Jagan Moh | 28 Jan 2003
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Hyderabad: Kakatiya Grameena Bank (KGB), one of the 196 regional rural banks (RRBs) in India and based at Warangal in Andhra Pradesh, has achieved the unique distinction of becoming the first RRB to have computerised 100 per cent of its branches and operations.
KGB chairman V Jagan Mohan says the bank was established in June 1982 with the joint participation of the central and state governments and the sponsor bank, State Bank of India. It currently has 40 branches and two extension counters in the district.
The bank has become one of the new generation regionally oriented rural banks, combining the cooperatives’ local feel and commercial banks’ business acumen.
The deposit base of KGB, which stood at Rs 89.59 lakh during 1983, reached Rs 135.66 crore by the end of the last fiscal and the advances rose from Rs 1.09 crore to Rs 103.09 crore during this period, with per branch business improving from Rs 11.07 lakh to Rs 5.97 crore.
