kgsg (1)
TRANSCRIPT
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INTRODUCTION TO KGSG BANK
Mahatma Gandhi , the father of nation, once said "Eighty percent of the Indianpopulation lives in villages and most of them live below poverty line. We should
therefore formulate such plans and schemes which are beneficial to weakest
person of the society also. If the poor people are not brought into mainstream of
development, the total development of India will not be possible." Our Prime
Minister Late Mrs. Indira Gandhi initially nationalized 14 commercial banks with
the intention that these institutions would float credit in social activities and ruraldevelopment. But after 06 years of nationalization she realized that nothing
concrete could be achieved. She then brought in an ordinance on 2nd
October,1975 (Date of Birth of our beloved Bapu and Lal Bahadur Shastri ji) to set
up the Regional Rural Banks with the object to accelerate the development of
rural economy. The aim was to attain upliftment of the poor, the neglected and
the down trodden people by channelising the flow of credit to the rural areas.
The Regional Rural Banks were local in structure and were based at the District
level. The Lead Banks were given the responsibility of sponsoring these RRBs. The
paid up capital was subscribed by the central government, sponsoring bank and
state government in the ratio of 50:35:15.In a slow but steady process 196 RRBs
were established in 615 districts across the country. The ordinance of 2nd
October,1975 came to be recognized as Regional Rural Banks Act,1976 and there
were 15155 branches up to 20th July,2009 with approximately 69000 employees
serving the country.
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Union Bank of India sponsored 4 RRBs in India of which 3 were in the state of
Uttar Pradesh. These three Banks were Kashi Gramin Bank, Gomti Gramin Bank
and Samyut Kshetriya Gramin Bank. Samyut Kshetriya Gramin Bank, with its
headquarter at Azamgarh was established on January 06, 1976. It covered 4
districts (Azamgarh, Ghazipur, Mau and Ambedkar Nagar) with a network of 168
branches and 5 extension counters. A total of 929 staff members served a
population of approximately 9092458 people covering 20 tehsils and 56
development blocks. By the end of March, 2005 there were deposits of
Rs.11443674 thousand with 61:39 demand term ratio. The total advances of SKGB
stood at Rs.2736661 thousand with CD ratio of 23.91% basic. The bank issued
13422 Kisan Credit Cards to farmers by the end of March, 2005.
Gomti Gramin Bank was established on 30th March, 1981 with its Head Office at
Jaunpur. It had 84 branches covering 6 tehsils and 21 blocks. There were 376
employees by the end of March, 2005. The Gomti Gramin Bank set the following
vision "Our endeavor: Integrated Development". The bank mobilized deposits
worth Rs.5471912 thousand with a demand term ratio of 51:49. By the end of
March, 05, the outstanding advances were Rs.1693384 thousand. The bank made
a continuous effort to improve credit flow by meeting its financial targets to
provide credit to target as well as non target group of borrowers. By the end of
March, 05 the CD ratio of the bank was 31.69% and it had issued12558 Credit
Cards to the farmers.
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Kashi Gramin Bank headquartered in Varanasi was established on 28th July 1981
with a view to cater the needs of rural and downtrodden people of Kashi, the
oldest city on the earth. By the end of March, 2005 Kashi Gramin Bank was able to
cater to the needs of 65520 customers and had an outstanding of Rs.1971694
thousand of advances. With 82 branches and 368 employees the Bank was able to
inculcate the habit of saving among rural and semi urban masses since it had
taken its banking services to their door step. By March, 2005 the Bank had
deposits worth Rs.5212553 thousand. In 2004 the Kashi Gramin Bank was rated as
one of the top SIX RRBs in the country.
With the onset of Globalization and financial reforms all over the world, self
dependency became the keyword in banking industry. This scenario put pressure
on RRBs also which were hitherto concentrated on social banking. Banking
industry was very intensively growing and RRBs had to face extreme competitive
environment as soon as they tried to capture the non target group customers.
India was rapidly sailing on the tides of financial reforms. The banking industry
was trying to make big bases by way of consolidation. There were no choices left
to Government of India than to consolidate the RRBs. In this process the
government of India embarked upon a process of amalgamation of RRBs which
were adjacently situated and sponsored by the same sponsoring bank. Due to this
process of amalgamation the number of RRBs has reduced from 196 to 83 with
15155 branches which cover 615 districts of the country. 68476 employees are
serving the rural as well as urban mass of the country.
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In this process Kashi Gramin Bank, Gomti Gramin Bank and Samyut Kshetriya
Gramin Bank sponsored by Union Bank of India in U.P. were amalgamated by GOI
vide its notification No.SO-1264(E) on 12th September 2005. Thus came into
existence the
"Kashi Gomti Samyut Gramin Bank"
On 12th September 2005, the bank owned a fund of Rs.23250 Crore with deposits
to the tune of Rs.2137.87 Corer. Advances of Rs.648.27 Corer and a CD ratio of
30% as on 12th Sep'05. By the end of FY 2010-2011 KGSG Bank was having a total
business of 5898 Crore with a 4586.90 Crore of deposits and 1311.31 Crore of
advances with CD ratio of 30% and Net profit of Rs.11.36 crore. The bank also
achieved the landmark of converting its 100 percent branches on Core Banking
Platform. This was a historical event in banking industry that a RRB had achieved
such a technical up gradation of its services and that too in a record time. The
bank has taken the membership of BCSBI (Banking code & standard Board of
India).The bank is also blessed with the achievement of launching Rupay ATM
Card.
Branches
1)Region Wise
Azamgarh Bhadohi
http://www.kgsgbank.co.in/branchesp1.php?distic=Azamgarh&brn=region%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Bhadohi&brn=region%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Bhadohi&brn=region%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Azamgarh&brn=region%20wise -
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Gazipur Jaunpur Varanasi
2)District Wise
Ambedkar Nagar Azamgarh Bhadohi Chandauli Gazipur Jaunpur Mau
TECHNOLOGY
In the wake of ongoing changes in the financial sector and trends which indicate a
move towards globalization and liberalization of the Indian economy, the market
environment in the country has undergone a major change.
Reforms in the financial sector and entry of private and foreign banks along with
new generation technology have changed the face of Indian banking sector. To
respond to the aforesaid challenges, RRBs of Eastern U.P. sponsored by Union
Bank of India have been amalgamated and a bigger and stronger bank has
emerged.
http://www.kgsgbank.co.in/branchesp1.php?distic=Gazipur&brn=region%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Jaunpur&brn=region%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Varanasi&brn=region%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Ambedkar%20Nagar&brn=district%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Azamgarh&brn=district%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Bhadohi&brn=district%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Chandauli&brn=district%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Jaunpur&brn=district%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Mau&brn=district%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Mau&brn=district%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Jaunpur&brn=district%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Chandauli&brn=district%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Bhadohi&brn=district%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Azamgarh&brn=district%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Ambedkar%20Nagar&brn=district%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Varanasi&brn=region%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Jaunpur&brn=region%20wisehttp://www.kgsgbank.co.in/branchesp1.php?distic=Gazipur&brn=region%20wise -
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Embracing technology has become the need of the day. Technology is fast
becoming an integral part of banking business. The bank has taken steps to keep
pace with the technological changes.
Core Banking Solution
The Bank has been constantly endeavoring to leverage the advancements in
Information Technology and Communication network with a view to :
Introduce new techno-centric products Enhance customer convenience Increase efficiency in operations Build up multiple delivery channels
The Bank has embarked upon massive technology based transformation through
technology process in the form of implementation of Core Banking Solution. The
Bank has engaged M/s Wipro, a leading service provider in IT enabled services for
providing end-to-end solution for networking. It is backed by "Finacle" software
support from M/s Infosys Technologies Ltd. The Core Banking System bundles a
host of customer friendly services.
The Bank has its Data Centre at Prabha Devi, Mumbai and the Disaster Recovery
Site at Bengaluru to ensure business continuity. All the branches of the bank are
under CBS. Pursuant to the above technological initiative we are focusing on
development of new business models that will include formulating new products
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and services for serving the banks customer better. Efforts at revitalizing the
entire rank and file of the Bank, to give sharper focus to customer satisfaction and
delight are also underway.
Following facilities / Services are being provided to the banks customer
Access to customer account from any of our branch. Account Portability
RTGS & NEFT - Fund transfer facilities ATM - Inter operable ATM cards to our customers who can use the ATM of
Union Bank as their own ATM machine
Rupay enabled ATM Cards acceptable on any ATM in India.
Many more services and products are on the anvil.