Kerala Grameena Bank

Kerala Grameena Bank is an Indian regional rural bank, headquartered in Malappuram, Kerala. Like other RRBs, the Government of India holds the majority 50% shares, while the Government of Kerala holds 15% and Canara Bank owns the remaining 35% stake.on 23rd October, 2025 Government of Kerala renamed the bank from Kerala Gramin Bank to Kerala Grameena Bank.

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History

The bank was formed by amalgamating North Malabar Gramin Bank and South Malabar Gramin Bank on 8 July 2013 by the Ministry of Finance, Government of India. The bank serves the area previously operated by the two banks. It is sponsored by Canara Bank. Like other RRBs, Government of India holds the majority 50 percent shares, while the state government and Canara Bank holds 15 percent and 35 percent, respectively. As of 2013, KGB had 504 branches and a total net worth of ₹471.58 crore and deposits of ₹7,266 crore and advances of ₹7,761 crore, with a total business of ₹15,027 crore.
On October 23, 2025, Ministry of Finance, Government of India renamed the bank from Kerala Gramin Bank to Kerala Grameena Bank.

Performance

In 2021-2022 fiscal year, KGB made a profit of ₹124.14 crore, nearly four times compared to the profit of the previous fiscal year. The net interest income had grown by 23 percent and non-interest income by 27 percent. KGB had a deposit of ₹21,834 crore. The bank registered 8.4% growth in deposit. The credit also increased by 4.5 percent. With a clientele base of 92.34 lakh, KGB's total business grew by 6.50 percent to reach ₹41,113 crore, which was ₹38,607 crore in the previous fiscal.