Karnataka Bank and JCB India, a manufacturer of earthmoving and construction equipment, have signed a memorandum of understanding (MoU) for equipment finance business. According to Karnataka Bank, the proposed tie up is expected to increase the lending avenues under its micro, small and medium enterprises (MSME) portfolio. Under the MoU, JCB will nominate Karnataka Bank […]
Karnataka Bank Ltd, an Indian private banking company, has opened a digi centre at Manngaudda, Mangaluru. The digi centre is said to provide multiple services such as the opening of savings bank accounts, cash withdrawal, issuance of debit cards, cash deposit, and in-principle sanction of retail loans via digital mode/channels in a paperless, safe and […]
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 […]