Karnataka Vikas Gramin Bank introduces India's first e-Bank Guarantee service for rural customers.
Karnataka Vikas Gramin Bank (KVGB) has become the first regional rural bank in India to launch an e-Bank Guarantee (e-BG) service, working with the National E-Governance Services Ltd. This new service uses e-signatures and e-stamps to issue guarantees quickly, benefiting rural and semi-urban customers and enhancing banking transparency. KVGB reported a turnover of ₹38,514 crore in 2024-25, showing a 7.32% growth.
4 days ago
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