Rural lenders Chikmagalur Kodagu Gramin Bank, Cauvery Kalpatharu Grameena Bank merged

Regional Rural lenders Chikmagalur Kodagu Gramin Bank, Cauvery Kalpatharu Grameena Bank merged in Karnataka.

Chikmagalur Kodagu Gramin Bank, a regional rural bank sponsored by Corporation Bank, has been amalgamated with another regional rural bank sponsored by State Bank of Mysore – Cauvery Kalpatharu Grameena Bank, a statement said.

The amalgamation came into effect from November 1, 2012, as per the directions of Government of India, Ministry of Finance, Department of Financial Services, Corporation Bank said in the statement filed with the stock exchanges.

Leave a Reply

Your email address will not be published. Required fields are marked *