By recording a growth of 26.18% compared to the previous financial year, Karnataka Vikas Grameen (KVG) Bank, a leading regional rural bank, has posted a net profit of ₹40.25 crore during the fiscal year 2022-23.
Addressing presspersons in Dharwad on Saturday, chairman of KVG Bank Shreekanth Bhandiwad said that the bank had reached the business level of ₹33,150.8 crore during 2022-23 while it was ₹30,747.85 crore during the last fiscal. The year-on-year growth is 7.82%.
KVG Bank operates in nine districts of North Karnataka and coastal Karnataka and has a network of 629 branches monitored by ten regional offices.
