Bangalore: P Jayaram Bhat, Managing Director and Chief Executive Officer of Karnataka Bank, on September 25, Tuesday launched KBM Mobile, a technology based product. A Caller Tune of Karnataka Bank was also launched on the occasion.

P. Jairama Hande and   Mahabaleshwara Bhat M.S., General Managers of the Bank.

Under KBM Mobile, customers can make banking transactions using pre registered mobile phones with the Bank. The bank has set the transaction limits based on risk perceptions and it is fixed at the level of Rs. 50,000/- per day inclusive of all transactions in the high end mobile sets enabled with GPRS/J2ME (encrypted end to end handsets). However, for other Mobile Handsets, under SMS Mobile Banking (unencrypted format) the limit is fixed at Rs. 5,000/- per day inclusive of all types of transactions. “Safety and convenience” is the highlight of KBL-Mobile.