Introduction

KBS Bank: a path breaking initiative in financial inclusion

KBS Bank (Krishna Bhima Samruddhi Local Area Bank) is one of the Local Area Banks operating presently in the country. Today, the bank operates in 11 districts in three states viz. Telangana, Andhra Pradesh and Karnataka. Although the regulation currently allows a LAB to operate in 5 districts, the remaining districts are an outcome of administrative split of the erstwhile district of Gulbarga into Yadgir and Gulbarga and splits of Rangareddy and Mahbubnagar Districts in Telangana. As of date the Bank has 26 branches and 31 Business Correspondent Outlets spread across the districts.

What sets apart KBS is its business model. Perhaps it is the only bank in the country, whose business model has been built on Financial Inclusion as its core objective and Micro Finance as its delivery model..Read More