Kerala Gramin Bank sponsored by Canara Bank Ranked Among World’s Best Banks by Forbes

There is a big achievement for Grameen Banks in India. Kerala Gramin Bank has been ranked among the best banks in the world by Forbes. Kerala Gramin Bank is sponsored by Canara Bank and it is the only regional rural bank (RRB) from India to make it to the prestigious list. It is ranked 9th among all banks in the country.

Kerala Gramin Bank has been recognised for its outstanding service, better customer service, digital banking, and financial guidance. These were key criteria in the global survey conducted by Forbes in collaboration with research firm Statista.

The list was compiled after surveying over 50,000 banking customers across 34 countries in 17 languages. The top banks were chosen based on customer feedback, and Kerala Gramin Bank stood out not only among its peers in India but also on the global stage. A total of 385 banks worldwide were included in this year’s rankings.

A Special Feat for Regional Rural Banks

This achievement becomes special because Kerala Gramin Bank is the only regional rural bank from India to be recognised. Kerala Gramin Bank has grown in trust and popularity over the years by offering inclusive, people-friendly banking services. It plays a key role in promoting financial inclusion, supporting small businesses, and providing easy access to banking in remote areas.

Kerala Gramin Bank (KGB) is headquartered in Malappuram, Kerala. Like other RRBs, the Government of India holds the majority 50% shares, while the Kerala state government holds 15% and Canara Bank owns the remaining 35% stake.

The bank was formed by amalgamating North Malabar Gramin Bank and South Malabar Gramin Bank on 8 July 2013 by the Ministry of Finance, Government of India. The bank serves the area previously operated by the two banks.