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The Karnataka Vikas Grameena (KVG) Bank's total deposits have risen by 11.09 per cent to touch Rs 5,467 at the end of third quarter ending December 31, 2011.
Launching the scheme, the KVGB Chairman, Mr C. Sambasiva Reddy said “the special deposit mobilisation campaigns, customers' support and confidence in the bank enabled us to cross Rs 5,467 crore.”
The bank, on Wednesday, launched a new scheme ‘Vikas Poorna Cash Certificate', through which, the bank will accept amounts in fraction and returns in rounded rupees - for example, Rs 379.78 becomes Rs 1,000 after 120 months for public and Rs 359.94 becomes Rs 1,000 for senior citizens.
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