Karnataka Bank announces fourth quarter ending profit

Saturday, May 28th, 2022

Mangaluru ; Karnataka Bank has posted an all time high annual consolidated net profit of ₹507.99 crore for 2021-22 as against the last year’s Rs. 482.46 crore. The net profit for the fourth quarter ending March 2022 was ₹130.20 crore as against the net profit of ₹31.36 crore for the corresponding fourth quarter of F.Y […]

Mangaluru : Karnataka Bank launches TAB Banking

Wednesday, December 25th, 2019

Mangaluru : Karnataka Bank, as part of its digital initiative, launched ‘KBL Xpress SB Accounts’, a digitised version for opening Savings Bank account through TAB Banking on the spot. Using the TAB banking account opening process, the Bank can on-board the prospective customer and open the Savings Bank Account. The Bank official will visit the […]

Karnataka Bank launches KBL SB Salary Scheme in 3 Variants

Monday, May 20th, 2019

Mangaluru : Karnataka Bank launched a new Savings Bank product “KBL SB Salary” a customized SB product for Salaried Class with 3 variants namely, SB Salary Executive, SB Salary Prime and SB Salary Classic. “All these 3 variants of our KBL SB Salary Scheme are available for the Salaried People with a host of Digitally […]

Karnataka Bank registers Rs 140 crore profit in third quarter

Saturday, January 12th, 2019
Mahabaleshwara M S,

Mangaluru : Karnataka Bank has posted a net profit of Rs 140.41 crore for the third quarter of current fiscal against Rs 87.38 crore for the corresponding period of last year, registering an y-o-y growth of 60.69%. For the nine-month period ended December 2018, the bank posted net profit of Rs 415.51 crore as against […]

Karnataka Bank launches DigiLocker facility

Friday, July 20th, 2018

Mangaluru: Karnataka Bank on Thursday launched DigiLocker facility for its customers as part of its digital initiative here. The facility is being given by integrating bank’s MoneyClick internet banking channel, said a release here. DigiLocker is a key initiative to store the digital documents, by National E-Governance Division under Union Ministry of Electronics and Information […]

Karnataka Bank appointed Shri Raghavendra Bhat M, as Bank’s first Chief Operating Officer

Monday, May 7th, 2018

Mangaluru: Karnataka Bank appoints Shri Raghavendra Bhat M, as Bank’s first Chief Operating Officer, w.e.f 07-05-2018. Shri Raghavendra Bhat M, has an experience of 37 years in Banking, both at operational and administrative level. He has handled various departments such as Credit, IT & MIS, Risk Management, RBS, HR & IR, etc. He has also […]

Karnataka Bank Posts Satisfactory Growth in Q2 FY 2017-18

Tuesday, October 24th, 2017
karnataka bank

Mangaluru: “In spite of subdued market conditions, Karnataka Bank has been able to show satisfactory growth in second quarter of the current fiscal as evidenced by the increased credit-deposit (CD) ratio of 72.72% posted by the bank for the quarter ended September 30, 2017. Bank has been successful in further strengthening the fundamentals and it […]

Karnataka Bank posts net profit of Rs 93.38 crore for Q2 of FY 17-18

Saturday, October 14th, 2017
karnataka bank

Mangaluru: City based private sector bank – Karnataka Bank Ltd has posted a net profit of Rs 93.38 crore for Q2 of current financial year compared to Rs 123.82 crore second quarter of last financial year. However operating second quarter profit showed robust growth of 57.35% and improved to Rs 366.24 crore from Rs 232.75 […]

Karnataka Bank introduces 4 interest variants on saving bank deposits

Thursday, August 3rd, 2017
Mahabaleshwara Bhat

Mangaluru : Karnataka Bank as part of its asset liability management has introduced four interest variants on balances maintained in SB accounts by its customers. For daily balances of above Rs 1 crore, interest rate is revised to 5% per annum, from existing 4% pa, whereas for daily balances of Rs 50 lakh to Rs […]

Karnataka Bank Targets Rs 6,800 Cr Farm loans in FY 2017-18

Thursday, July 20th, 2017
Karnataka Bank

Mangaluru: The Karnataka Bank is targeting Rs. 6,800.00 crore of farm credit during current financial year 2017-18. This constitutes 18.09% of ANBC (Adjusted Net Bank Credit) as against the minimum regulatory requirement of 18%. In fact, as on 31.03.2017, also Bank has achieved its agriculture advance target of 18% and is confident of maintaining the […]