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Updated - May 20, 2026 at 06:44 PM.

| Mangaluru

Shreekant M Bhandiwad, Chairman of Karnataka Grameena Bank

Karnataka Grameena Bank (KGB) has received an award from the Pension Fund Regulatory and Development Authority (PFRDA) for its enrolment performance under the Atal Pension Yojana (APY).

A media statement said that KGB enrolled 2,49,185 APY accounts against the DFS/PFRDA target of 1,75,500 accounts, registering an achievement level of 142 per cent, the highest among all banks in Karnataka.

The Government of India formed KGB last year by amalgamating two regional rural banks of the state. Now it has a network of 1,750 branches spread across Karnataka. The bank has a total business of ₹1,10,974 crore and serves nearly 2 crore customers.

Quoting KGB Chairman, Shreekant M Bhandiwad, the statement said the APY plays a vital role in providing social security to workers in the unorganised sector by ensuring a guaranteed pension after the age of 60.

Bhandiwad received the award from M Nagaraju, Secretary, Department of Financial Services, Government of India, and S Ramann, Chairperson of PFRDA, during the APY annual felicitation programme held in New Delhi on Wednesday.

Published on May 20, 2026

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