1. KVGB bags best performer award.
National Bank for Agriculture and Rural Development (Nabard) has conferred the ‘best performance award’ for 2015-16 and 2016-17 to Karnataka Vikas Grameen Bank (KVGB) for its work in the field of credit-linking joint liability groups (JLGs).
Quoting S Ravindran, Chairman of KVGB, a press release said that 1,194 JLGs were credit-linked by disbursing 19.38 crore during 2016-17. The outstanding accounts under JLGs stood at 6,329 involving an amount of 63.83 crore.
Subhash Chandra Khuntia, Karnataka Chief Secretary, gave away the award to Ravindran in the presence of Eugene E Karthak, Regional Director of the RBI, and Melwyn Rego, MD and CEO of Syndicate Bank, the release said.
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