Karnataka Bank has reported a net profit of INR 146.42 crores for the third quarter of the current financial year (Q3 FY2021-22), an increase of 8.16% compared to INR 135.37 crores made in the same quarter of the previous financial year. The net interest income of Karnataka Bank for the reported quarter was INR 622.65 […]
Karnataka Bank has broken ground on its proposed centenary building to be built near its existing head office premises at Mahaveera Circle in Mangaluru, Karnataka. Founded in 1924, Karnataka Bank will be celebrating its Centenary Year during the 2023-2024 financial year. Karnataka Bank chairman P Jayarama Bhat and its MD and CEO — Mahabaleshwara MS […]
Karnataka Bank, an Indian private sector banking group, has launched WisePOSGo, a point of sales swiping machine (POS device) that processes business payments for its merchant customers. The POS device was rolled out in collaboration with Mswipe Technologies. Mahabaleshwara MS — MD and CEO of Karnataka Bank said: “This is yet another product in line […]
Karnataka Bank has launched a pre-loaded payment instrument called KBL FASTag to enable seamless movement of vehicles at toll plazas in India. The private sector bank launched the payment instrument in association with the National Payment Corporation of India (NPCI) and the FASTag processor Worldline. KBL FASTag is expected to help users save time, fuel, […]
Karnataka Bank said that it has been empaneled by the Reserve Bank of India to act as an ‘agency bank’ for facilitating transactions associated with government businesses. As an empaneled agency bank, Karnataka Bank can now carry out the government businesses like revenue receipts and payments on behalf of the central or state governments, collection […]
Karnataka Bank has reported an annual net profit of INR 482.57 crores for FY 2020-21, an 11.76% growth compared to last year’s net profit of INR 431.78 crores. The public sector commercial banking company had a net profit of INR 31.36 crores for the fourth quarter ended March 2021, which is a 14.83% increase compared […]