Karnataka Bank has unveiled two innovative products aimed at empowering students: the KBL Peak Education Loan and the KBL Genius Integrated Savings Account. Through these offerings, Karnataka Bank aims to strengthen its role in India’s expanding education finance market, bringing robust financial support to students pursuing higher education domestically and abroad. Both products were officially […]
Karnataka Bank Limited has announced a record-breaking net profit of ₹400.33 crore for the first quarter of FY25, marking a significant increase from ₹370.70 crore reported in the same period last year. This 7.99% year-on-year growth underscores the bank’s strong financial performance and operational efficiency. Exceptional Financial Performance For the quarter ending June 30, 2024, […]
Karnataka Bank has officially launched the KBL WISE Senior Citizens Savings Bank Account during a dedicated event in Bengaluru, marking a significant enhancement in banking services tailored for the elderly. The innovative account is available in two variants: KBL Wise Signature and KBL Wise Advantage, offering a blend of financial security and health benefits. Comprehensive […]
Karnataka Bank Ltd, a forefront player in the private banking sector, has recently enhanced its collaboration with FISDOM, a leading financial technology company, to launch a comprehensive 3-in-1 investment facility through its mobile banking application, KBL Mobile Plus. This pivotal move is poised to redefine the investment landscape for Karnataka Bank’s customers by offering a […]
In a significant financial move, Karnataka Bank has successfully completed an equity share capital allotment amounting to ₹600 crores through a Qualified Institutional Placement (QIP). This strategic financial maneuver, approved by the Committee of Directors of Karnataka Bank on the day of announcement, underscores the bank’s ongoing commitment to fortifying its capital base to support […]
In a significant milestone, Karnataka Bank celebrated its 100th Founders’ Day on February 18, 2024. This centennial event was commemorated with the launch of 15 new branches nationwide and the unveiling of a redesigned corporate website, signaling a new era in the bank’s journey towards integrating digital advancements with its rich heritage of customer service. […]
Karnataka Bank (KBL), a premier private sector bank, and Northern Arc Capital Limited (“Northern Arc”), a leading diversified non-banking financial company (NBFC) and financial services platform in India, have entered into a Memorandum of Understanding (MOU). This collaboration is set to revolutionize Karnataka Bank’s offerings by providing customer-centric financial solutions to retail borrowers through Northern […]
In a significant financial development, Karnataka Bank, a prominent Indian banking institution, has announced its intention to issue equity share capital up to ₹700 crore. This substantial amount will be raised in a phased manner, with ₹100 crore through a Preferential Issue and the remaining ₹600 crore in one or more tranches. This move is […]
In a significant move for India’s financial sector, Karnataka Bank Limited (KBL), a renowned private sector bank, and Clix Capital, an emerging new-age Non-Banking Financial Company (NBFC), have announced a groundbreaking digital co-lending partnership. This collaboration, facilitated through the Yubi Co.lend Platform, aims to revolutionize lending for the Indian Micro, Small, and Medium Enterprises (MSME) […]
In a significant move towards enhancing financial inclusivity, Karnataka Bank (KBL), a premier private sector bank, and Satin Creditcare Network Limited (SCNL), a leading Non-Banking Financial Company – Micro Finance Institution (MFI), have announced a strategic co-lending partnership. This alliance aims to provide financial support to Joint Liability Groups (JLG) of economically active women, particularly […]