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Karnataka Bank

#5694

Rank

$875.55M

Marketcap

IN India

Country

Karnataka Bank
Leadership team

Mr. Y. V. Balachandra (Chief Operating Officer)

Mr. Gokuldas Pai (Chief Bus. Officer)

Mr. K. Mahalingeshwara (GM & Chief Learning Officer)

Products/ Services
Banking, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Mangalore, Karnataka, India
Established
1924
Net Income
100M - 500M
Revenue
100M - 500M
Traded as
KTKBANK.NS
Social Media
URL
https://karnatakabank.com
Overview
Location

Summary
History
Mission
Vision
Key Team
Recognition and Award
References
Summary
The Karnataka Bank Limited provides personal and business banking products and services in India. It operates through four segments: Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The company offers savings and current accounts; fixed, cash certificate, and recurring deposits; and non-resident rupee, ordinary non-resident, foreign currency, and resident foreign currency accounts, as well as non-resident Indian priority banking services. It also provides loan products, including vehicle, home, education, personal, MSME, mortgage, women entrepreneur, gold, and other loans, as well as loans against property. In addition, the company offers debit, credit, gift, deposit only, and image cards; life, general, and health insurance products; investment products; remittance and other services; and forex services comprising pre and post-shipment, export collection bills, export LC advising, inward remittance facility, import letter of credit, import bill collection, buyer's credit, and outward remittances. Further, it provides point of sale service for merchant's payment solutions; and KBL e-COLLECT, a fee payment processing platform, which enables the institution to offer parents and students a way to pay their fees through a range of payment options. Additionally, the company offers various loans for agriculture; and other services, such as internet and mobile banking, mutual funds, demat and online trading services, locker facility, and funds transfer services. As of March 31, 2022, it operated through a network of 877 branches, 885 ATMs and 563 cash recyclers. The company was incorporated in 1924 and is headquartered in Mangalore, India.
History

Karnataka Bank Limited was incorporated on 18 February 1924, and commenced business on 23 May 1924. Its founders established it at Mangalore, a coastal town in the Dakshina Kannada district of Karnataka. Among the founders, who created the bank to serve the South Canara region, was B. R. Vysaray Achar. K. S. N. Adiga served as the chairman from 1958 to 1979.In the 1960s Karnataka Bank Limited acquired three smaller banks. In 1960 Karnataka Bank Limited acquired the Sringeri Sharada Bank, which was established in 1942 had four branches. Four years later, Karnataka Bank Limited took over Chitradurga Bank , which was established in 1868 and was the oldest bank in Mysore State. In 1966, Karnataka Bank Limited took over Bank of Karnataka. Bank of Karnataka was established in 1946 and had opened one branch in Belgaum in 1947. At the time of this acquisition, Bank of Karnataka had 13 branches.

In September 2003, the bank shifted its head office from Kodialbail to Kankanady.In 2021, Karnataka Bank Limited operationalized its wholly owned non-financial subsidiary KBL Services Limited with its registered and head office at Bangalore.

Mission
The mission of Karnataka Bank is to create value by delivering cutting-edge banking solutions to its customers, while creating sustainable growth and profitability for its stakeholders.
Vision
The vision of Karnataka Bank is to become an iconic and legendary financial institution renowned for its excellence in the banking sector.
Key Team

Mr. Mavinakudige Subramanyabhatta Mahabaleshwara Bhat (MD & CEO)

Mr. B. Anantha Padmanabha (Deputy GM & CTO)

Mr. Shailesha Barve (Assistant Company Sec. & Compliance Officer)

Mr. M. V. Shanker Bhat (Legal Adviser)

Mr. Srinivas Deshpande (Assistant GM of PR)

Mr. K. A. Vadiraj (GM & Chief Compliance Officer)

Mr. Pankaj Gupta (GM and Chief Digital & Marketing Officer)

Recognition and Awards
Karnataka Bank won the 'Outstanding Performance in Banking Services - Private Sector Bank' award for the year 2019-20 by the Banking Technology Magazine.
References

https://en.wikipedia.org/wiki/Karnataka_Bank

https://in.investing.com/equities/the-karnataka-bank

https://www.comparably.com/companies/karnataka-bank

https://www.crunchbase.com/organization/karnataka-bank

https://finance.yahoo.com/quote/KTKBANK.NS/

https://karnatakabank.com

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Karnataka Bank
Leadership team

Mr. Y. V. Balachandra (Chief Operating Officer)

Mr. Gokuldas Pai (Chief Bus. Officer)

Mr. K. Mahalingeshwara (GM & Chief Learning Officer)

Products/ Services
Banking, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Mangalore, Karnataka, India
Established
1924
Net Income
100M - 500M
Revenue
100M - 500M
Traded as
KTKBANK.NS
Social Media
URL
https://karnatakabank.com